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21:42
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Ib Ravn
Exactly How Do Banks Create Money?
Banks create money in the process of lending, as has been pointed out by the Bank of England: “The majority of money in the modern economy is created by commercial banks making loans.” In this video, Ib Ravn from the monetary reform organization Gode Penge in Denmark explains exactly how money creation works. Cash and money-on-account (bank ...
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