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.
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Answer:
They wanted dominance in colonial power and
the resources that they had in North America ,
thus increasing their nation's wealth. Britain
won because of their navy setup across the
Atlantic which didn't allow the French to send
military reinforcements and supplies.
Answer:
The phrase "why of where" refers to the idea that explanation of spatial pattern is crucial.
Explanation: The phrase 'why of where' is to associate special importance to the elaboration and description of the spatial pattern of a specific place. The idea comes from the importance of detailing in the discipline of Geography. 'Why of where' simply means specifications and details of a given place in terms of its spatial pattern.
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