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An economist makes the following assessment in a study he has prepared: As a result of the simultaneous money transfer possibilities, the spread of electronic

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An economist makes the following assessment in a study he has prepared: As a result of the simultaneous money transfer possibilities, the spread of electronic money, the increase in financial diversity and depth, the monetary base has become equal to the broadly defined money supply." According to this statement a. How can such a situation arise? 1. What would the function of the banking system be in such an environment

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