If it looks correct, it must be then.
replyMore seriously, if you want to learn money and its infrastructure, I recommend Banque de France's book on the matter "Payments and market infrastructures in the digital era" https://www.banque-france.fr/system/files/2023-04/payments_m...
It is quite amazing how complicated we have made the financial system. Most people, including me, have only a very vague idea of how it works.
replyLooks like it, yes. It's encouraging given that so many discussions of these topics online are wrong. The explanation of constraints on bank lending in particular is something many people should read.
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