"[O]ne dollar held by a particular bank at the beginning of the day changes hands around one hundred times during the course of the day."From: Afonso & Shin, Systemic Risk and Liquidity in Payment Systems, New York Fed Staff Reports (March 2009).
"[O]ne dollar held by a particular bank at the beginning of the day changes hands around one hundred times during the course of the day."From: Afonso & Shin, Systemic Risk and Liquidity in Payment Systems, New York Fed Staff Reports (March 2009).
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