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  • Re: Fractional Reserve Banking

    [quote user="Jonathan M. F. Catalán"] They actually do. Let's say that producer A sells an automobile for $1,000. The $1,000 in $_currency represents the automobile. In barter, the producer would have sold the automobile directly for another good that he or she was looking for. Money...
    Posted to Economics Questions (Forum) by Wade on Sat, Aug 8 2009
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