1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sever21 [200]
3 years ago
10

Money is printed by the U.S. Treasury Department and yet economists claim that banks create money. Fully explain how banks creat

e money.
Advanced Placement (AP)
1 answer:
Bingel [31]3 years ago
4 0
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. This short video explains:

The money that banks create isn’t the paper money that bears the logo of the government-owned Bank of England. It’s the electronic deposit money that flashes up on the screen when you check your balance at an ATM. Right now, this money (bank deposits) makes up over 97% of all the money in the economy. Only 3% of the money is still in that old-fashioned form of cash that you can touch.

I hope this helps you.
You might be interested in
A scientist plants two rows of corn for experimentation. She puts fertilizer on row 1 but does not put fertilizer on row 2. Both
krek1111 [17]

Answer:

C

Explanation:

I hope it helps choose me the brainest

4 0
3 years ago
What element of art does a shoe have?
DIA [1.3K]

Answer:

Texture

Explanation:

Most expensive shoes are based on their texture and material

6 0
3 years ago
Why do they call it area 51
Tanzania [10]

Area 51 is a classified military base in Arizona. People call it area 51 because it is a secret military code word or name that relates to the military operation that is there. Nobody really knows what they are doing there, since it is highly confined information. Some people think they have nuclear weapons, and others think they have aliens and/or evidence of aliens being completely real.

7 0
3 years ago
Read 2 more answers
Following questions:
tekilochka [14]

Answer:

1. The name of the town "tie-dye" built is called Arimatsu

I only know that one. Sorry!

Explanation:

6 0
3 years ago
Which key is used in word processors to create indentations
lutik1710 [3]
The correct answer is tab.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Evaluate each expression for a = 9, b = -3, c = -2, d = 7. Showyour work.1. A -cd2. 2b3+ c2a+d−cb4. (a–b)2+ d(a + c)5. 4c –(b –a
    14·1 answer
  • What if beavers built a dam across the Raritan River?
    7·2 answers
  • How does the lamb treat Wilbur?
    9·2 answers
  • Does wealth affect our community?
    5·1 answer
  • Explain how the Song education system allowed for social mobility.
    12·1 answer
  • The blue is my guess
    8·1 answer
  • A school principal trying to find out if parents will help buy new playground equipment shows digital leadership by asking the s
    5·2 answers
  • 17.
    14·1 answer
  • X/4 -6 = 2<br> can u solve this for me
    6·1 answer
  • What is meant by a "source of error"?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!