# Monetary

By [Untitled](https://paragraph.com/@0x8bd5bcc146a257ff25e7d8e9334c8b4ee98df26c) · 2022-07-29

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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).

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*Originally published on [Untitled](https://paragraph.com/@0x8bd5bcc146a257ff25e7d8e9334c8b4ee98df26c/monetary)*