Introduction to how banks make money and the value they (potentially) add to society
Introduction to the income statement of a bank (and to income statements in general).
Fractional reserve banking and the multiplier effect. Introduction to the money supply.
How "money" is created in a fractional reserve banking system. M0 and M1 definitions of the money suppy. The multiplier effect.
Introduction to bank notes (which you are more familiar with than you realize).
More on how bank notes and checks can be used.
How banks can give out loans without ever giving out gold.
How reserve requirements limit how much lending a bank can do.
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