July 2023
Beginner to intermediate
224 pages
5h 8m
English
Content preview from Explaining Money & Banking
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Money, banking, and financial markets improve our quality of life. Financial systems and institutions facilitate commerce and allow us to do more of what we want to do. We can go to the grocery store with the expectation of buying sustenance; we can lend money to a banker for decades with the expectations of easy access, security, and a future reward; we can even buy financial products to minimize risk and grow our personal wealth. With such financial orderings, people can do wondrous things: they can live lives of relative luxury; they can coordinate large-scale production processes; and they can finance artistic, educational, public health, and environmental projects to benefit large portions of people.
At the same time, people use ...
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