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Jac Londe

Real Time US National Debt Clock - 31 views

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    Why should we get rid of money ?
    Pourquoi devons-nous nous débarasser de la monnaie.
Prakash Dheeriya

Teach finance to elementary, middle and high school children using stories - 6 views

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    Disclosure: I am the author of these children's books.
Jac Londe

Bank of Canada - Wikipedia, the free encyclopedia - 0 views

  • Bank of Canada
  • The bank began operations on March 11, 1935, after the passage of the Bank of Canada Act. Initially the bank was founded as a privately owned corporation in order to ensure it was free from political influence. In 1938, under Prime Minister William Lyon Mackenzie King, it became " a special type of " Crown corporation, fully owned by the government; thus, in effect, by the Canadian taxpayers; with the governor appointed by Cabinet. The responsibility for creating small bills was transferred from the finance department and the private banks were ordered to remove their currency from circulation by 1949.[
Jac Londe

Fractional-reserve banking - Wikipedia, the free encyclopedia - 1 views

  • Fractional-reserve banking
  • Fractional-reserve banking is a type of banking whereby the bank does not retain all of a customer’s deposits within the bank. Funds received by the bank are generally lent to other customers. This means that available funds (called bank reserves) are only a fraction (called the reserve ratio) of the quantity of deposits at the bank. As most bank deposits are treated as money in their own right, fractional reserve banking increases the money supply, and banks are said to create money.
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