Preview 2: What is Money? Episode 1
![Preview 2: What is Money? Episode 1](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/05b24eddb351fb70e2867907c74c97a6.jpg)
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Descripción
Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking...
mostra másThe purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States. The relationships shown are based on simplifying assumptions.
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Autor | Tanen Andrews |
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