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To put it briefly, fractional reserves which are dependant on credit history as an alternative to any intrinsic commodity value experienced enabled A serious enlargement of monetary circulation. Because of their larger volumes, sovereign debt and commerce benefitted most from it. But this reality is deceptive if 1 neglects the https://bookmarkingace.com/story17019160/new-step-by-step-map-for-evolution-of-money

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