Modern Money Mechanics by

Modern Money Mechanics

Modern Money Mechanics by
Publisher: Federal Reserve 2008
The purpose of this booklet 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.
Business & Investing Economics Money & Monetary Policy



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