A bank manager tells you that she doesnt create money. She just lends the money that people

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A bank manager tells you that she doesn’t create money. She just lends the money that people deposit. Explain why she’s wrong.

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 04:54 AM

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A bank manager tells you that she doesnt create money. She just lends the money that people

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Though the manager does not see the entire process nonetheless the loans the manager makes crea...View the full answer

Macroeconomics Canada in the Global Environment

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