And then that reserve bank can issue and it was the only person that could issue it could issue bank notes that could be tradeable into gold.

This is 200 bank notes outstanding.

They can write checks, or if these were bank notes, they could exchange those bank notes.

We only see bank notes from one bank, or at least one bank has the right to issue them within the United States and that's the Federal Reserve Bank.

Or in bank notes, as we've learned.

And I'll print out some bank notes.

I will issue a bank note

That would be total bank notes in this case and bank notes are also something we'll later leave a world where every bank is issuing bank notes, but I just wanted to give you that kind of historical context, how bank notes even started off.

I could put some more bank notes outstanding.

I could've actually issued bank notes, same idea.

each of the bank notes might look something like this

Total bank notes and demand accounts, demand or checking accounts.

And then half of it, he wants in terms of bank notes.

So this liability would be bank notes outstanding, for 100 gold pieces.

He wasted change on slot machines, but he'd never risk bank notes.

Export notes in margin notes

And so what the bank will do is issue shares in this corporation.

Notes

Notes

Notes

Notes

Notes

Notes

Notes

Notes

Notes

Notes...

Notes

The gold just sits in the bank the whole time and the bank can just use its bank notes and checks to actually conduct all of the transactions.

And that's what the reserve ratios were all based on, based on the bank notes themselves.

Tomboy Notes

E Notes

Personal Notes

Further Notes

Contact Notes

Popup Notes

Incoming Notes

Outgoing Notes

No Notes

KDE Notes

Popup Notes

Collected Notes

Notes Color

Notes color

Task notes