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Do Banks Create Money 2024?
money
created banks
Questioner:Benjamin Brown 2023-05-07 11:50:53
The most authoritative answer in 2024
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Lily Gonzales——Studied at the University of Toronto, Lives in Toronto, Canada.
Most of the
money in our economy is
created by
banks, in the form of
bank deposits -C the numbers that appear in your account.
Banks create new
money whenever they make loans. 97% of the
money in the economy today is
created by
banks, whilst just 3% is
created by the government.
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