Register

Banks can create an unlimited amount of money. True or false, and why?

Banks can create an unlimited amount of money. True or false, and why?
asked 136k views
1 vote
Banks can create an unlimited amount of money. True or false, and why?

asked
User Osama Naeem
by
8.3k points

1 Answer

2 votes
Could be true. Banks use the stored money to invest, and if they make the right investments, theoretically they can have excess in money, investing more with the excess, and this keeps happening.
answered
User Dilpreet
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!