One gram of cochineal costs about 30 euros.

converter, euro, money, cash, calculator

So about half of the final price would be made up of declared taxes.

Buying something for 10 Euros means paying 5 Euros towards taxes.

let's try to charge drivers one or two euros at these bottlenecks.

If someone spends 1500 Euros, again, half of the price will be made up of taxes, in this case 750 Euros.

Scarlett's deposits.

Whoever spends 3000 Euros will be taxed for 17 of the total amount.

Checking,savings took out about 125,000 in cash.

In the end, he will have obtained 250 Euros in the form of a basic income.

I want to deposit some money.

I have a fairly wealthy village.

Only those spending twice their basic income will really be paying taxes.

From this point onwards there will be a progression.

Do they have a point about that? MARlO MONTl

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.

So this is the account of B. The account of Villager B.

Well, no. Because then a bank take on arbitrary amounts of risk and there are regulations, although I think a bank would do it on their own to some degree, but there're regulations called reserve requirements that tell us how much lending can a bank do relative to its actual reserves. In this case, it's reserves of gold.

And let's say that I can, in the bank,

So what I do is, I take their 900 gold pieces, and I take it as a deposit.

I just give them a checking account.

Because I can't imagine just sitting around at home, doing nothing even if I had this basic income thing of 1000 Euros

EU euro

Euro

So what would be total demand liabilities?

When you put money in the bank, you deposit it.

So 10 of 110 is 11.

But he has already received 1000 Euros tax.

Whoever pays 1000 Euros will have spent 500 Euros in tax.

If this is 1,000, 900 might be about that.

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

And we went the fractional reserve route.

Or

Sold for 4000.

I'll open a bank account.

Euro

I can make a checking account, 100.

Earning an extra 1000 Euros would results in a total income of 2000, and so on.

The bank keeps money for people.

He deposited the prize money in the bank.

The money rests in a safe at the bank.

Is this your euro?

So how much could I expand my balance sheet?

Forty euros in Barbès.

You know, about my money.