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infospace: process book-4-chapter-03

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
2026-02-19 21:31:40 +01:00
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-03 -->
# Bank Money
## Definition
A form of money represented by credit in the books of a bank, backed by actual deposits of precious metal, which maintains a stable value equal to the mint standard. Bank money is superior to current currency because it is not subject to wear, clipping, or debasement.
## Source Chapter
Book IV, Chapter 3
## Context
Smith describes the Bank of Amsterdam as the archetype, explaining how bank money provides security, transferability, and a reliable medium for international trade, while also generating revenue for the city through various fees and the interest on deposits.
## Economic Domain
Exchange
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