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Archive of entries posted on January 2009

Loans

Posted by v13 on 17 January 2009, 3:45 pm

Here’s an example about how loans seem to currently work and what they mean to the society: Suppose we have two persons (Ann and Bob) and a Bank. The Bank has no money at all, Ann has 10.000 euros (or dollars or whatever) and Bob has two cars which is willing to sell for 8.000 …

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Filed under Economics | Tagged Economy, politics

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