This is - typically - a loan between the members of the same level of the monetary system, where the money lent had been created by an institution of some higher level before. A household, for example, can lend cash created by the central bank or money from its bank account (created by a bank) to another household or to a company.

This is - typically - a loan between the members of the same level of the monetary system, where the money lent had been created by an institution of some higher level before. A household, for example, can lend cash created by the central bank or money from its bank account (created by a bank) to another household or to a company.