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:
Intelligence can actually be affected by both environmental and genetic influences.
Answer:
Assume the US economy is in equilibrium. For each of the short-run situations (A-J) below, answer the following questions (i-iii): i. Explain what shifts in the equilibrium diagram, and why. ii. What is the outcome of that shift (what happens to real GDP and PL)? iii. Is the result an inflationary gap, recessionary gap, stagflation, or increase in SRAS? A. Consumers become confident in the future of the economy. B. The government increases regulations on businesses, C. The government increases spending. D. New policies lead to more Americans having health care. E. Home values, nationwide, significantly increase. F. The value of the USD increases against foreign currencies. G. Oil prices suddenly increase. H. The government decreases personal income taxes. 1. The Chinese become wealthier. J. Interest rates in the US increase.
Answer:
it had a negative effect. Native American populations decreased drastically
Explanation:
Native Americans were not immune to the diseases europeans brought from the old world
