Can banks create money?

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asked Feb 21, 2023 72.2k views

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Arkiliknam · Answer 1 · 2023-02-27T00:24:31+0000

Answer:

yes

Step-by-step explanation:

most of the money in our economy is created by banks in the form of banks deposits - eg the numbers that appear in your account. Banks create new money whenever they make loans

Can banks create money?

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