Scribd Logo
Upload

Welcome to Scribd!

  • ATM Session 1

    Uploaded by

    Saksham Agrawal
    10 views15 pages
    The document discusses alternative forms of money throughout history including subsistence economies that used barter systems and trade of items like fish and berries. It then covers the development of debt-based economies with the issuance of IOUs and mentions double coincidence of wants. The document goes on to discuss the gold standard and how the establishment of central banks led to the use of fiat currency not backed by tangible assets but rather by trust in the monetary system. It suggests that inflation is the root of money and analyzes how commercial banks create money through lending and setting reserve requirements.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses alternative forms of money throughout history including subsistence economies that used barter systems and trade of items like fish and berries. It then covers the development of debt-based economies with the issuance of IOUs and mentions double coincidence of wants. The document goes on to discuss the gold standard and how the establishment of central banks led to the use of fiat currency not backed by tangible assets but rather by trust in the monetary system. It suggests that inflation is the root of money and analyzes how commercial banks create money through lending and setting reserve requirements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views15 pages

    ATM Session 1

    Uploaded by

    Saksham Agrawal
    The document discusses alternative forms of money throughout history including subsistence economies that used barter systems and trade of items like fish and berries. It then covers the development of debt-based economies with the issuance of IOUs and mentions double coincidence of wants. The document goes on to discuss the gold standard and how the establishment of central banks led to the use of fiat currency not backed by tangible assets but rather by trust in the monetary system. It suggests that inflation is the root of money and analyzes how commercial banks create money through lending and setting reserve requirements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    ALTERNATIVE THY MONEY of

    JOIN THE DARKSIDE


    MONEY ? = IOV
    Owe

    Subsistence
    Economy .

    Fishes
    Berries =

    Trade / Exchange Economy .

    Lo Beanies = 1- Fish,

    Wants
    DOUBLE coincidence 9k

    JOIN THE DARKSIDE


    Issued
    IOU Z
    <1m%-É☐ Hold
    I owe You
    __

    Debt

    Poirot tous
    € .
    "

    Io V
    "

    Bothers I.
    money

    JOIN THE DARKSIDE


    Issuance →
    Liatnihy -

    Asset
    Holding → .

    Finnair Lealnltny & find -


    .

    Assets

    Asset → §o•d_"
    Goods → wittily

    JOIN THE DARKSIDE


    xs-Ji-rfm-sreaszbrohc-ah.ie

    JOIN THE DARKSIDE


    ☒old Stanard ]] .

    * q]=☒& ⇐
    nfiaiim
    }
    -
    -

    ]
    feat
    army tayetry .

    JOIN THE DARKSIDE


    I
    Money I told TIA / FL

    REAL
    Gold
    Assets
    FINANCIAL FINANCIAL
    -

    Assets LIABILITY
    -

    Mortgages Mortgages
    -

    Money Money

    -130ns Bons-
    Mackins
    Land Houses

    Commodity Money .

    JOIN THE DARKSIDE


    Another teiabslnt (
    One 's Asset is 's
    Debt
    I 0
    Trust in a common

    2-
    target -fs
    Inflation
    -

    ↳ Delish
    ¥1710110M
    "
    "
    Trust
    =

    [ vii. as
    the root
    of Monty ,
    ,

    JOIN THE DARKSIDE


    ?⃝
    " "
    Asset →
    Mory

    Cement ] → Centos Bank

    7
    Money →
    Reserves
    ↳ } ,
    Bonini teeter

    Deposits

    JOIN THE DARKSIDE


    A L d-
    ④ A L
    Ee

    Non -

    Mory
    R¥ru |
    -
    Resewn
    ⇐
    Deposits
    µ µ☒ Deposits Non

    dfqI.gg
    -

    ¥÷J÷÷-
    Eeriest =
    = money
    "

    Kenton ] /
    #

    Bunty
    →

    pn.tn#
    -

    - sector Sector
    Bank
    INSIDE
    "

    Monopoly
    MONEY
    "

    I'd ¥ ☒

    JOIN THE DARKSIDE


    Resins ]
    Base
    Money
    +
    army
    High Poring
    Centres Bank

    No
    Deposits →
    lots of
    the Barty
    Suhr .

    JOIN THE DARKSIDE


    Reserve
    →
    14
    Banks

    y→a"•↳
    ↳
    ) -y
    "

    Pvtfm
    .

    -
    NO
    -

    µ☐pc
    /
    -
    "

    →
    or ,

    JOIN THE DARKSIDE


    Pubhi-E.am
    imit
    Deposits +
    Lenny

    ,
    curry
    + ,
    Reserves

    Deposits
    > 90010

    JOIN THE DARKSIDE


    5Ño ¥
    / BmmyJ ✗
    basement

    *: - -
    ^

    a)
    -
    £5
    Nolt-
    →

    ↳ 9
    £ ' £95
    T.9s.at/.-
    • + -

    yµ
    - - -
    .

    JOIN THE DARKSIDE


    ?⃝
    Cuny → + Deposits
    B-
    → Deports
    Atm _•
    -

    JOIN THE DARKSIDE

    You might also like