Talking Economics With Jason Hughes!
The Young Investors Podcast
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What's in Your Bank Account?
Money refers to what you've got in your wallet. Currency is like australian dollars, whereas money actually refers to what i've got in my wallet. The central bank buys the bonds off of their buying the government bonds off of the other banks. And then that gives,. so that gives the banks money, and then the money can, you know, go into the economy be lent and spent and that sort of stuff. Like that's literally it....
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