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Quote from Boston Federal Reserve Bank,


"When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money."


By:

Boston Federal Reserve Bank (more quotes by Boston Federal Reserve Bank or books by/about Boston Federal Reserve Bank)

Source:

in a publication titled "Putting It Simply" 

Categories:

Banking, Economics, Fed, Money, IRS, Taxation

Rating:

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