Money & Business
Organisations and the financial system
...account with a bank deposit of the size of the mortgage. At that moment, new money is created. (McLeay, Radia and Thomas, 2014 p. 16, bold in the original) If you would like to read more about how money is created, you can find details of the article cited in this video, ‘Money creation in the modern economy’, in the References section...Organisations and the...