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Modern Money Mechanics

Small book cover: Modern Money Mechanics

Modern Money Mechanics

Publisher: Federal Reserve
Number of pages: 50

Description:
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.

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