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overdraft economy


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By contrast, in an overdraft economy, firms are always in need of advances production economy is such that the consequences of an overdraft economy also apply In the USA, over the reserve-averaging period, the Fed supplies highpowered money on demand, as in overdraft economies or in zero-reserve financial In overdraft economies, where commercial banks take advances from the central "the overdraft economy is defined by a double level of indebtedness:

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