Results 1 to 2 of 2

Thread: Money Creation in the Modern Economy

  1. #1

    Money Creation in the Modern Economy

    Money Creation in the Modern Economy (link)

    In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower's bank account, thereby creating new money.

  2. #2
    Senior Member
    Join Date
    Apr 2015
    Location
    Massachusetts
    Posts
    243
    I had the radio on when this guy came on. Wasn't sure if I heard it right so I went to the bank's website.


    Name:  bankri800.jpg
Views: 9
Size:  102.8 KB
    Last edited by lorne; 09-07-19 at 03:00 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •