Welcome to E-Books Directory
This is a freely downloadable e-book.

Modern Money Mechanics

Modern Money Mechanics

Publisher: Federal Reserve 2008

The purpose of this booklet is to describe the basic process of money creation in a 'fractional reserve' banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States.

Home page url

Download or read it online here:

Download link

 (multiple formats)