Monetary
Money is created by the members of the banking system in three ways: • by granting loans either in a non-securitised or in a securitised form, • by buying foreign exchange, • by buying securities on the secondary market (i.e. issued securities).
Monetary
Money is created by the members of the banking system in three ways: • by granting loans either in a non-securitised or in a securitised form, • by buying foreign exchange, • by buying securities on the secondary market (i.e. issued securities).
