Do Banks Create Money 2024?
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Studied at the University of Zurich, Lives in Zurich, Switzerland.
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.
2023-05-09 11:50:53
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Isabella Gonzales
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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.