Quotes: Index by Author
A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - ZFederal Reserve Bank of New York Quotes 1-2 out of 2
| Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower's IOU. | Because of 'fractional' reserve system, banks, as a whole, can expand our money supply several times, by making loans and investments. |
Federal Reserve Bank of New York Quotes 1-2 out of 2
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