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Banking, one more time....
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OldMcdonald
Posted 12/13/2014 09:07 (#4237308 - in reply to #4237212)
Subject: RE: Banking, one more time....


Napanee, Ontario
"An individual bank is not able to "create" money"

http://www.bankofengland.co.uk/publications/Documents/quarterlybull...

"Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."


what was that about misinformation?

Edited by OldMcdonald 12/13/2014 10:31
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