25 Fabulous Little Girls Bedroom Ideas

Next post: The London bank still has a claim, on Brussels instead of New York, whereas the Brussels bank now has a claim on New York which its customer can use to finance his trade. The questions are naturally raised as to why London should be willing to transfer its deposit and why Brussels should finance its requirements in this way. The former can be answered broadly by the fact of the U.S. balance of payments deficits supplying the means and interest rate arbitrage (New York versus Brussels) supplying the profit. On the second question, again relative rates of interest are a factor, but in addition the existence of national exchange controls and credit controls encourages the practice. The Brussels bank avoids the need to exchange francs for dollars.

25 Fabulous Little Girls Bedroom Ideas
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