联邦储备银行在经济体中创造的过量信用，被股票市场所吸收——从而刺激了投机行为并产生了一次荒谬的繁荣。

The excess credit which the Fed pumped into the economy spilled over into the stock market-triggering a fantastic speculative boom.

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从货币供给角度分析，电子货币的普及会对信用创造过程产生影响，使得信用乘数上升。

Analyzing from the money supply Angle, we think that the spread of electronic currency will influence the credit creation and make the money multiplier rising.

youdao

从货币供给角度分析，电子货币的普及会对信用创造过程产生影响，使得信用乘数上升。

Analyzing from the money supply Angle, we think that the spread of electronic currency will influence the credit creation and make the money multiplier rising.

youdao