Yes that is roughly how it works. https://en.m.wikipedia.org/wiki/Money_creation#Role_of_commercial_banks https://en.m.wikipedia.org/wiki/Money_creation#Role_o

Yes that is roughly how it works. https://en.m.wikipedia.org/wiki/Money_creation#Role_of_commercial_banks https://en.m.wikipedia.org/wiki/Money_creation#Role_of_comme...