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The exclusion of financial firms is standard in economics literature. The usual reason is that their financials are inverted. The money YOU hold in a bank is an
by tway_GdBRwW 2y ago
The exclusion of financial firms is standard in economics literature. The usual reason is that their financials are inverted. The money YOU hold in a bank is an asset to you, the money the BANK holds in the bank is a debt to you.