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Banks lend by creating credit. They create the means of payment out of nothing.
Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.
So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
Whatever advantage we snatch beyond a certain portion allotted us by at nature, is like money spent before it is due, which, at the time of regular payment, will be missed and regretted.
Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.
The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track.
Gratitude is most treasured when it is unexpected. When we expect, even demand gratitude, we treat it simply as payment due for some service we rendered and we squeeze any good feeling out of it.
I think the reason we might hesitate to pay cash to students for doing well on tests or getting good grades or reading books is that we sense that the monetary payment is an extrinsic reward.
"Couch surfing" refers to the practice of temporarily lodging with a stranger - free of charge, unless you count being incessantly sociable as payment.
An electron is an electron, but you can decide where to send your electric-bill payment. You can't redirect the electrons, but you can your dollars. The dollars will drive generation choices.
Let's not only provide a jumpstart to the economy and immediately or save 3 million jobs, but let's also put a down payment on some of the structural problems that we have in our economy.
The movie industry had it better in the '30s and '40s, in terms of gender equality, than it does now, both in payment and in job ratios. It's ludicrous. Are we in the modern world, or what?
We did discuss the wall [with Enrique Pena]. We didn't discuss payment of the wall. That'll be for a later date. A lot of the things I said are very strong, but we have to be strong.
I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages.
Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
There are two paths people can take. They can either play now and pay later, or pay now and play later. Regardless of the choice, one thing is certain. Life will demand a payment.