Alternative Systems of Business Organization and of Workers' Remuneration

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=__ | I Z 0 i $1 Therefore c 0 l - ratio of reserves to earning assets _ R __ rD __ r D-R D(1—-r) ' 1-r Substitution in the previous formula yields _ (d+1)(e+l) m - d+e+de Although both the formulations are identical in a formal sense, ...
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