Nope, that’s exactly how it works. Here’s something to read on money creation: https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-th

Nope, that’s exactly how it works. Here’s something to read on money creation: https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...