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In mathematics, the infinite series 1 / 2 + 1 / 4 + 1 / 8 + 1 / 16 + ··· is an elementary example of a geometric series that converges absolutely. The sum of the series is 1.
Banking in Germany is a highly leveraged industry, as its average leverage ratio (assets divided by net worth) as of 11 October 2008 is 52 to 1 (while, in comparison, that of France is 28 to 1 and that of the United Kingdom is 24 to 1); its short-term liabilities are equal to 60% of the German GDP or 167% of its national debt.
Friedman's Money Supply Rule vs. Optimal Interest Rate Policy; Model Uncertainty and Delegation: A Case for Friedman's k-percent Money Growth Rule; A K-Percent Rule for Monetary Policy in West Germany; Rules, discretion and reputation in a model of monetary policy, Robert J. Barro, David B. Gordon; Discretion versus policy rules in practice ...
The first four partial sums of 1 + 2 + 4 + 8 + ⋯. In mathematics, 1 + 2 + 4 + 8 + ⋯ is the infinite series whose terms are the successive powers of two. As a geometric series, it is characterized by its first term, 1, and its common ratio, 2. As a series of real numbers it diverges to infinity, so the sum of this series is infinity.
The Ersparungsclasse der Allgemeinen Versorgungsanstalt, established in Hamburg in 1778, is widely viewed as the first modern savings bank.Other accounts emphasize the significance of the savings bank of Göttingen, founded in 1801, [3]: 78 which was the first established with a municipal guarantor whereas earlier foundations had been initiated by merchants, clerics or academics (Hamburg later ...
As of end-2021, the group included 342 local cooperative banks (Raiffeisenbank), 8 regional wholesale banks (Raiffeisenlandesbank), and the central entity Raiffeisen Bank International. [2]: 19 All Raiffeisenlandesbanken are owned by their respective member banks; their legal form is a cooperative (German: eingetragene Genossenschaft, eGen ...
The Bank deutscher Länder was established in 1948 in the former Frankfurt branch of the Reichsbank, Taunusanlage 4–6, built in 1933 [1] The Bank deutscher Länder (BdL, lit. ' Bank of the German States ') was a central bank established in 1948 to serve West Germany, issuing the Deutsche Mark. It was replaced in 1957 by the Deutsche Bundesbank.
In 2010 agriculture, forestry, and mining accounted for only 0.9% of Germany's gross domestic product (GDP) and employed only 2.4% of the population, [84] down from 4% in 1991. Agriculture is extremely productive, and Germany can cover 90% of its nutritional needs with domestic production.