Why Do Banks Create Money? Do They Create Money to Help

question 55

Essay

Why do banks create money? Do they create money to help the Bank of Canada control the money supply or is there a more basic reason?

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Definitions:

Intrinsic Religiosity

A form of religious commitment where beliefs and practices are deeply integrated into an individual's identity and way of life.

Fundamental Needs

Basic requirements necessary for sustaining human life include food, water, shelter, and safety.

Worldly Concerns

Interests or worries about the material aspects of life, as opposed to spiritual matters.

Sacred Texts

Writings considered by believers to be divinely inspired or spiritually significant within a religious tradition.