Social Sciences, asked by elamurugu77, 5 months ago

How banks money is considered as money?

Answers

Answered by Anonymous

2

How do banks create money?

Loans come first – loan creates deposits not the other way around. The electronic money created by banks in the process of extending credit (making loans) is effectively turned into money by the public sector deposit insurance (FDIC in the US insures bank deposits up to $250,000 per person).

$bts \: exo$

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