Money is created when a government or central bank prints new currency or issues new credit.
Under fractional reserve banking, this is not true. Neither expands the money supply. Outside banknotes, the Central Bank or the government doesnt create the currency.
This is fully under the domain of commercial banks.
Under fractional reserve banking, this is not true. Neither expands the money supply. Outside banknotes, the Central Bank or the government doesnt create the currency.
This is fully under the domain of commercial banks.
It is a point most miss.
Posted Using LeoFinance Beta
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit