Question
Since the inception of modern banking, the story of money creation can always be illustrared by the equation : M=H*[(1+C/D)/(R/D+C/D)} In which H is the
Since the inception of modern banking, the story of money creation can always be illustrared by the equation :
M=H*[(1+C/D)/(R/D+C/D)}
In which H is the money base (the orginal gold); C/D is the cash to deposits ratio: R/D is the required reserves to deposit ratio.
True or False with reason
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Metaverse Nft And Cryptocurrencies Investing
Authors: Manuel Defi Robins
1st Edition
979-8413888537
