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Black–Scholes model Wikipedia ~ A standard derivation for solving the Black–Scholes PDE is given in the article Black–Scholes equation The Feynman–Kac formula says that the solution to this type of PDE when discounted appropriately is actually a the option price is the expected value of the discounted payoff of the option

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Can banks individually create money out of nothing — The ~ In this scheme funds move between the public the banks and the central bank without any barriers Each bank is a financial intermediary but in aggregate due to fractional reserve banking money is created multiplied in the banking system

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