A Goldsmith Exercise for Learning Money Creation Activity

Document created by jennifer.imazeki on Apr 7, 2015
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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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