1. Germany
... money by making loans against collateral corporate bonds, stocks, real goods, and government securities. The loan bureau notes could circulate as cur rency, but the Reichsbank held most of them and issued its own notes in exchange. The Reichsbank could count the loan bureau notes in its portfolio as the equivalent of gold. This possibility was especially important when, prior to May 1921 ... ...
- Word Count: 1145
- Approx Pages: 5
- Grade Level: Undergraduate