answersLogoWhite

0

Is it true that banks create money out of nothing?

User Avatar

Tomasa Crooks

Lvl 10
4y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Is it true that banks create money out of nothing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is it true chuck berry never put his money in banks and bought land instead?

He kept money under his mattress.


Is it true or false that generators create electrical energy from nothing?

false; you cannot get energy from nothing, it is conserved


The Prime rate is the lending rate at which the largest and most creditworthy corporations borrow money from banks?

TRUE!


Banks cannot use your money to make loans to people or to make investments. true or false?

false


Is it true that banks print money?

No, banks just keep money. Printing money, on the other hand, is done by the government. WRONG. Our government does not print money. The Federal Reserve, which is a private bank, sends orders in to print money to the U.S treasury. They then flood the economic system with money that is not backed, causing inflation.


Is not having the amount of money you need or are accustomed to can create feelings of intense stress true or false?

false


What is the true meaning if online investment calculator.?

The true meaning of the online investment calculator is to help you save time and money on estimating your interest and your income, instead of going to the banks and having to pay for someone to do it for you.


What statement about ancient Egypt is not true?

Egypt, as far as we know did NOT have coins, paper money, Banks, etc. For all intensive purposes, a moneyless economy- but they did have slaves.


What are Banks normally levy ATM surcharges only on customers of other banks?

true


Do savings account usually offer high or low interest rates?

A savings account should generally offer a higher level on interest than current accounts. However banks try to attract customers in many ways and this is not always true. Also banks frequently make certain products obsolete and the interest on a savings account can drop to almost nothing if you do not move your money into the newest products.


Without money nothing happens is that true?

In a certain sense, very limited and relating to business. As far as human relationships are concerned, if they are based on money they are seldom worth pursuing.


Other definition for health is wealth?

If you have your health, you have everything. The converse is also true. All the money in the world means nothing if you are not healthy.