4 ms·

False. Banks create money. https://en.wikipedia.org/wiki/Money_creation https://en.wikipedia.org/wiki/Money_creation

• JW_00000 2y ago
  Banks create money by issuing loans; but they can't create money out of thin air if $1.5B was stolen from them.
• malfist 2y ago
  Banks create credit within the confines of law. That isn't creating money. Only the central bank can do that