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Sophia Baker——Studied at University of Oxford, Lives in Oxford, UK
Money is destroyed when loans are repaid: From the Bank of England's 2014 Q1 Quarterly Bulletin: --Just as taking out a new loan creates money, the repayment of bank loans destroys money. For example, suppose a consumer has spent money in the supermarket throughout the month by using a credit card.read more >>+119962023-05-15 11:51:34
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