Banking 7 - Giving Out Loans Without Giving Out Gold Flashcards
1
Q
how can one issue a loan without giving out gold?
A
issue a checking account
electronic representation of bank balance
creating money out of thin air
Banking Revision > Banking 7 - Giving Out Loans Without Giving Out Gold > Flashcards
how can one issue a loan without giving out gold?
issue a checking account
electronic representation of bank balance
creating money out of thin air