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ACCOMMODATING CHANGES IN TFIE RELATIVE DEMAND FOR CURRENCY：FREE BANKING VS. CENTRAL BANKING
TFIE RELATIVE DEMAND CENTRAL BANKING FREE BANKING
2008/12/4
What is commonly called “money” can be held in either of two
forms. There are deposits, from which payments can be made by
check, and currency or hand-to-hand money. Even though the total
demand fo...