What is money? The purpose of this booklet, published by the Federal Reserve Bank of Chicago, is to describe the basic process of Money creation through the "fractional reserve" banking system.
But just how this happens all too o.
A user may sense that Money must come into being either automatically as a result of economic activity or as an outgrowth of some government operation.
Money is such a routine part of everyday living that its existence and acceptance ordinarily are taken for granted.
What is money? The purpose of this booklet, published by the Federal Reserve Bank of Chicago, is to describe the basic process of Money creation through the "fractional reserve" banking system