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.
MRNA is the correct answer
Answer:
The colonists agitation led to various acts of rebellion, a moajor one being the Boston Tea Party, where colonists dumped hundreds of boxes of tea into Boston Harbor. This caused more tension by making the British authorities tighten their control, angering the colonists even more, eventually leading to the American Revolution.
