{"product_id":"representational-monetary-identity","title":"Representational Monetary Identity","description":"\u003cp\u003eLet us analyze what happens in commercial banking. First, we have a deposit. Then, we have a loan of up to a fraction (of 90%%) of this deposit. Finally, the borrower can deposit the borrowed money into another bank account, in the same bank or not. Suddenly, the trillion dollar question emerges: is the borrowed money in these two bank accounts... the same? On the one hand, the answer is yes: all borrowed money came from the original deposit---so it is that same original money. On the other hand, the answer is no: all money deposited into the borrowerÕs account possibly stays in the original depositorÕs account---so it is not that same original money. How can that be? (Digital version: http:\/\/omniequivalence.com\/representational-monetary-identity\/)\u003c\/p\u003e","brand":"Mirelo Deugh Ausgam Valis","offers":[{"title":"Paperback","offer_id":44420411752609,"sku":"9781105188671","price":27.11,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0462\/1120\/3233\/files\/1wz9wwmp-front-shortedge-384_53ec9784-26a4-4eb2-b770-29114e6e1b33.jpg?v=1748229970","url":"https:\/\/bookswholesale.myshopify.com\/products\/representational-monetary-identity","provider":"BooksWholesale","version":"1.0","type":"link"}