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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
  • 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.read more >>
    +119962023-05-07 11:50:53

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