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A Masterclass In Central Banking | Professor Jane Knodell
Forward Guidance
What Is a Bill of Exchange?
There was a lot of bad blood in the Western states because Pete, the second bank had foreclosed on them. Now that changed a lot over time by the time and I'm not trying to like skip over, but like when the second banks charter is up for renewal. It has a lot of support in theWestern states. And that's because the bank, the bank was the bank's exchange business. That's domestic bills of exchange that are being used to finance interregional trade. So it's like a promise to pay some point in the future after the poor gets there at some different location.
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