From day to day and week to week businesses, governments and households typically fluctuate from a deficit-budget position to a surplus-budget position and back again.
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Q9: Real assets are necessarily matched by an
Q10: The amount of lending in a closed
Q11: Society can increase its wealth only by
Q12: A deficit-budget unit is a net borrower
Q13: A surplus-budget unit is a net lender
Q15: Money's role as a standard of value
Q16: Fiat money consists of gold and silver
Q17: Money's role as a medium of exchange
Q18: The fact that money is the only
Q19: Indirect finance requires that ultimate lenders (surplus-budget
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