explain the money creation with example
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Answer:
The process of money creation can be illustrated with the following example in the United States: Corporation A deposits $100,000 into Bank of America. Bank of America keeps $10,000 as reserves at the Federal Reserve. To make a profit, Bank of America loans the remaining $90,000 to the federal government.
Explanation:
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Explanation:
money creation is a process of supplying money in an economy.