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A Goldsmith Exercise for Learning Money Creation Activity
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08-27-2020
03:13 PM
A Goldsmith Exercise for Learning Money Creation
Journal of Economic Education 44(4) 2013
(experiment)
In the exercise, students pretend they are in the eighteenth century and simulate interactions among a goldsmith, a gold depositor, a merchant, and a borrower, in order to better understand how banks create money.
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