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Chapter 1 Why Study Money, Banking, and Financial Markets? 1.1 Why Study Financial Markets? 1) Financial markets promote economic efficiency by A) channeling funds from investors to savers. B) creating inflation. C) channeling funds from savers to investors. D) reducing investment. Answer: C Qu...
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In this chapter, I discuss how to transition from the current monetary and banking system to one with gold and 100-percent reserves backing all checking deposits and banknotes. I discuss why the gold dollar must be defined with a sufficiently small quant
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Eurodollars are an attractive investment as they are not subject to US banking regulations. European banks expanded their Eurodollar operations globally in the context of financial regulations in the US. Now a bank in Asia or Europe may accept dollars and call them Eurodollars. A euromarket ...
Banking and Interest Rates in a World without Money 0 被引用·0 笔记 引用 A Suggestion for Further Simplifying the Theory of Money John BryantNeil Wallace Staff Report Dec 1980 Our suggestion consists of three postulates: assets are valued only in terms of their payoffs, perfect foresight, and...