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Nadya [2.5K]
2 years ago
12

FRQ:

Advanced Placement (AP)
1 answer:
lesantik [10]2 years ago
5 0

Answer:

Oh he is correct

Explanation:

sorrer4y

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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.
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Get a free 100 point. Say anything ;) bb
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anything lol

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