6. When a commercial bank makes loans, it creates money; when loans are repaid, money is destroyed....

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6. “When a commercial bank makes loans, it creates money;

when loans are repaid, money is destroyed.” Explain. LO35.3

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Sep 30, 2024 10:04 AM

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6. When a commercial bank makes loans, it creates money; when loans are repaid, money is destroyed. Explain. LO35.3
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6. When a commercial bank makes loans, it creates money; when loans are repaid, money is destroyed....

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Economics

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