"Banks are not merely purveyors of money but also in an important sense, manufacturers of money." This…
British economist Prof. R.S. Sayers (in his classic book 'Modern Banking') made the famous remark on credit creation: 'Banks are not merely purveyors of money, but also in…
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"Banks are not merely purveyors of money but also in an important sense, manufacturers of money." This was the remark given by
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British economist Prof. R.S. Sayers (in his classic book 'Modern Banking') made the famous remark on credit creation: 'Banks are not merely purveyors of money, but also in an important sense, manufacturers of money.'
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RPSC Senior Teacher (Sanskrit Education)