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.
Answer:
Wait this true????? I might have a brain infection then
Answer:
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Explanation:
According to Rossano Ferretti, his unique value proposition was to learn what each hear needed and proceed to give that to it. Here are some other tips that helped him succeed below.
<h3>What are the strategies that Rossano used to overcome the traditional supply and demand in labor to be a millionaire?</h3>
- He focused on the trade.
- He started at the age of 14 when he enrolled into hair-dressing school.
- He also focused on influencers, celebrities and socialites. And while doing their session, he took notes of all the things he did that was successful.
- This helped him to create a brand
- He opened his business in some of the major cities in the world such as: Abu Dhabi, Madrid, New Delhi, New York etc.
His secret is branding and charging high rather than being generic and charging low.
Learn more about Unique Value Proposition at:
brainly.com/question/14838659
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