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If banks create money out of nothing, and loans create deposits, then why do banks pay interest to depositors?TLDR; because the central bank sets their deposit rate above zero....New WaylandWhy Banks Pay Interest on DepositsNeilW
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If banks create money out of nothing, and loans create deposits, then why do banks pay interest to depositors?TLDR; because the central bank sets their deposit rate above zero....New WaylandWhy Banks Pay Interest on DepositsNeilW
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If banks create money out of nothing, and loans create deposits, then why do banks pay interest to depositors?New WaylandTLDR; because the central bank sets their deposit rate above zero....
NeilW