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rockylizard


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Some help here please ....
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Math.jpg



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spida


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Mmmm??? Interesting poser that one!

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Glenelg


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no idea, did you nick it John.

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Dave S

ex Bricklayer 20 years & 33 years Carpet Cleaning

but what do i know, i'm only a old fart.

iv'e lost my glass.
jules47


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Drat - I will be thinking on that all day - thanks (not!) RL!!!!!!

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dorian


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The $1 is an asset, while the $98 is a liability. You can't add an asset to a liability.

Assets = $1 coin + $97 shirt = $98
Liabilities = ($50 - $1) + ($50 - $1) = $98



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rockylizard


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Gday...

HMMMM.jpg facebook_like.jpg

Cheers - John



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2006 Discovery 3 TDV6 SE Auto - 2008 23ft Golden Eagle Hunter
Some people feel the rain - the others just get wet - Bob Dylan
the rocket


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rockylizard wrote:

Math.jpg

 too early in the day for me.yawnbiggrinconfuse



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Big Gorilla


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A Dollar is not missing coz you gave each parent $1.00 each plus another $49.00 each. Total $50.00 or $100.00 that was borrowed !! confuseconfuse



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Cloak


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Thats how the banking system works, create money out of thin air.

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dorian


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When I did economics at high school, the liquidity of the Australian banking system was controlled by the Reserve Bank via a Statutory Reserve Deposit Ratio. This meant that a portion of every dollar deposited into a bank account had to be held in reserve and could not be lent out.

For example, if the SRD ratio was 33%, then the bank would be able to lend 67c out of every dollar deposited. This 67c would then be returned to the banking system via ordinary economic activity, and 45c of this 67c (= 67 x 0.67) could then be relent, and so on. If this cycle repeats enough times, then that $1 of liquidity is multiplied by 3. So that's how the banking system of those days created $3 out of $1. I have no idea how it works today.

1 + 0.67 + (0.67^2) + (0.67^3) + (0.67^4) + (0.67^5) + (0.67^6) + (0.67^7) + (0.67^8) + (0.67^9) + (0.67^10) = 2.99

http://www.google.com/search?q=1+%2B+0.67+%2B+0.67%5E2+%2B+0.67%5E3+%2B+0.67%5E4+%2B+0.67%5E5+%2B+0.67%5E6+%2B+0.67%5E7+%2B+0.67%5E8+%2B+0.67%5E9+%2B+0.67%5E10



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GaryKelly


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Damn, Dorian beat me to it. Then again, I could be lying.

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jules47


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Just a little bit, methinks Gary!!

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Cloak


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It's not much different these days Dorian but the ratio is smaller....

And it still relies on credit / loans to create money. It's up to treasury to release the cash based on the money size of the economy.

I need a nap now.

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Glenelg


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you lost me , never any good at math.

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Dave S

ex Bricklayer 20 years & 33 years Carpet Cleaning

but what do i know, i'm only a old fart.

iv'e lost my glass.
bab600


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My parents said. " if you need to borrow to buy you can't afford it ?????

Regards. Brian

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