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Where does money came from, Is anybody allowed to create their own money?​

Sagot :

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[ Question ]

Where does money came from, Is anybody

allowed to create their own money?

[ Answer ]

  • Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today exists as bank deposits, whilst just 3% is physical cash.

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