Search
Search titles only
By:
Search titles only
By:
Home
Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Search
Search titles only
By:
Search titles only
By:
New posts
Search forums
Menu
Install the app
Install
Reply to Thread
Guest, we'd love to know what you think about the forum! Take the
Diabetes Forum Survey 2024 »
Home
Forums
Diabetes Discussion
Diabetes Discussions
Does being diabetic affect who you'll vote for?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
<blockquote data-quote="tim2000s" data-source="post: 753724" data-attributes="member: 30007"><p>Jack, I think you are confusing two things. Central banks create Base currency. It is not fractional reserve based and accounts for the total physical currency in circulation plus that held in the central bank vaults. This number is affected by monetary policy, such as buying government bonds. </p><p></p><p>Fractional reserve banking occurs with the commercial banks, ie the ones that you and I deal with. This is the available money for mortgages, loans etc. This is the money supply and is much larger than the base currency. </p><p></p><p>So while the available money is greater than that actually produced by the country, the lack of interest in Iran is due to Islamic finance not allowing ursuary, and therefore not allowing fractional reserve banking.</p></blockquote><p></p>
[QUOTE="tim2000s, post: 753724, member: 30007"] Jack, I think you are confusing two things. Central banks create Base currency. It is not fractional reserve based and accounts for the total physical currency in circulation plus that held in the central bank vaults. This number is affected by monetary policy, such as buying government bonds. Fractional reserve banking occurs with the commercial banks, ie the ones that you and I deal with. This is the available money for mortgages, loans etc. This is the money supply and is much larger than the base currency. So while the available money is greater than that actually produced by the country, the lack of interest in Iran is due to Islamic finance not allowing ursuary, and therefore not allowing fractional reserve banking. [/QUOTE]
Verification
Post Reply
Home
Forums
Diabetes Discussion
Diabetes Discussions
Does being diabetic affect who you'll vote for?
Top
Bottom
Find support, ask questions and share your experiences. Ad free.
Join the community »
This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies.
Accept
Learn More.…