can nonprofits make a profit The "property right of the new system" is the premise. In his theory, money supply is controlled by the central bank and is an exogenous variable with no interest rate elasticity. At this point, monetary demand depends on people's psychological "liquidity preference". International Bank Transfers are often called global ACH. However, in fact, the actual term ACH, which means the Automated Clearing House network, is the term for electronic funds transfers only in the United States and Canada. But, functionality, international bank transfers are analogous to ACH.