Suppose now that bank B makes additional loans of 100 to a subset of its customers and
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Suppose now that bank B makes additional loans of 100 to a subset of its customers and that some of these customers use 50 to make payments to other depositors of the same bank and 50 to make payments to clients of bank A.
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Monetary Economics Policy And Its Theoretical Basis
ISBN: 9780333792551
1st Edition
Authors: Keith Bain, Peter Howells
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