Chartered bank loan policy
“When a chartered bank makes loans, it makes money; while loans are repaid, money is destroyed.” Describe.
Expert
Banks add to cheque account balances while they make loans; these chequable deposits are part of the money supply. People pay off loans through writing cheques; chequable deposits decrease, meaning the money supply drops. Money is “destroyed.”
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i want to write final state report. My state is Texas. You can use the resources that i attached, also you can use another resources to cover the outlines.
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