In no less than 300 words, explain how banks can create money.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section21.3: Banks And The Money Supply
Problem 3QQ
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1. In no less than 300 words, explain how banks can create money.

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