Exam (elaborations)
Economics of banking full summary: Book, Lectures, Tutorials [211581] 2023
- Course
- Institution
Commodity money - -Money whose value comes from s commodity of which is made -Fist money - -Currency that a government has declared to be legal tender, but is not backed by a physical commodity. -Fractional banking - -Baking system in which only a fraction of bank deposits are backed by actua...
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