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Representational Monetary Identity

by Mirelo Deugh Ausgam Valis
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Current price ₹615.00
Original price ₹686.00
Original price ₹686.00
Original price ₹686.00
(-10%)
₹615.00
Current price ₹615.00

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Book cover type: Paperback
  • ISBN13: 9781105188671
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Lulu.com
  • Publisher Imprint: Lulu.com
  • Publication Date:
  • Pages: 60
  • Original Price: GBP 5.42
  • Language: English
  • Edition: N/A
  • Item Weight: 100 grams
  • BISAC Subject(s): General

Let us analyze what happens in commercial banking. First, we have a deposit. Then, we have a loan of up to a fraction (of 90%%) of this deposit. Finally, the borrower can deposit the borrowed money into another bank account, in the same bank or not. Suddenly, the trillion dollar question emerges: is the borrowed money in these two bank accounts... the same? On the one hand, the answer is yes: all borrowed money came from the original deposit---so it is that same original money. On the other hand, the answer is no: all money deposited into the borrower's account possibly stays in the original depositor's account---so it is not that same original money. How can that be? (Digital version: http: //omniequivalence.com/representational-monetary-identity/)

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