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==Money creation by fractional-reserve banking==
==Money creation by fractional-reserve banking==  
 
 
:::{|class = "wikitable"
!Transaction
!Deposit
!Reserve
!Loan
!Available money
!''Algebra''
|-
|
|
|
|
| 1000
| P
|-
| First
|1000
|100
|900
|1900
| P+Pr
|-
| Second
|900
|90
|810
|2710
|P+Pr+Pr<sup>2</sup>
|-
| Third
|810
|81
|729
|3439
|P+Pr+Pr<sup>2</sup>+Pr<sup>3</sup>
|-
| Infinite number
|
|
|
| 10,000
|P/(1+r)
|}

Revision as of 05:43, 6 November 2008

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Tutorials relating to the topic of Banking.

Money creation by fractional-reserve banking

Transaction Deposit Reserve Loan Available money Algebra
1000 P
First 1000 100 900 1900 P+Pr
Second 900 90 810 2710 P+Pr+Pr2
Third 810 81 729 3439 P+Pr+Pr2+Pr3
Infinite number 10,000 P/(1+r)