[OPE-L:1898] RE: electronic money

chaion lee (conlee@chonnam.chonnam.ac.kr)
Tue, 23 Apr 1996 04:25:06 -0700

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Paul said in [1894]
Paul C
banks are only debtor whose debt functions as money.
They are creditors with respect to their borrowers,
but, the debts of these are not money.

When the banks mediate the financial transactions, some of the public become the debtor and others become the creditor.
With regards,