"Mutual credit" (sometimes called "multilateral barter" or "credit clearing") is a term mostly used in the field of complementary currencies to describe a common, usually small-scale, endogenous money system. In a mutual credit system, creditors and debtors are the same people lending to each other.
"Mutual credit" (sometimes called "multilateral barter" or "credit clearing") is a term mostly used in the field of complementary currencies to describe a common, usually small-scale, endogenous money system. In a mutual credit system, creditors and debtors are the same people lending to each other.
Source: Wikipedia "Mutual credit" · CC BY-SA 4.0
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