into the country's banks. The govemmeat decides to introduce new currency by havirg the banks replace old bills with new ones whenever the old currency
into the country's banks. The govemmeat decides to introduce new currency by havirg the banks replace old bills with new ones whenever the old currency comes into the banks. Let desote the amoent of new currency in circulation at time with
If a unit of is $ billion and a unit of is I day, then the equation
represents the "flow" of the new currency into circulation.