banks can create an unlimited amount of money. True or false, and why?

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23-04-2016
Business

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banks can create an unlimited amount of money. True or false, and why?

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WreckageM8 WreckageM8 · Answer 1 · 2016-04-23T20:51:10+02:00

WreckageM8 WreckageM8

23-04-2016

Could be true. Banks use the stored money to invest, and if they make the right investments, theoretically they can have excess in money, investing more with the excess, and this keeps happening.

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