Keyword: money
Money multiplier (transcript) (11/18/2010)
In a fractional reserve banking system, the Central Bank needs to print only a fraction of the total money supply. This fraction depends on the average circulation needs of the banking customers. The rest of the money supply could be created by banks through loans.
Keywords: Central Bank, demand deposits, excess reserves, Federal Reserve, fractional reserves, fractional-reserve banking, loans, money, money multiplier, required reserves, reserves
The Miles Rush (7/27/2000)
Frequent flier miles are as good as money because they are redeemable for many goods and services and can be earned in many ways other than flying.
Keywords: airlines, FBM, FFM, frequent buyers, frequent flier miles, loyalty, medium of exchange, money