{"product_id":"representational-monetary-identity-9781105188671","title":"Representational Monetary Identity","description":"\u003cp\u003e • Author(s): Mirelo Deugh Ausgam Valis\u003cbr\u003e • Publisher: Lulu.com\u003cbr\u003e • Publisher Imprint: Lulu.com\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003eLet 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\/)\u003c\/p\u003e","brand":"Lulu.com","offers":[{"title":"Paperback","offer_id":47577841762455,"sku":"9781105188671","price":615.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781105188671.webp?v=1774904528","url":"https:\/\/atlanticbooks.com\/products\/representational-monetary-identity-9781105188671","provider":"Atlantic Books","version":"1.0","type":"link"}