You are confused about the economic definition of money. Credit in your checking account is defined to be money under the usual definition. The process of depo

You are confused about the economic definition of money. Credit in your checking account is defined to be money under the usual definition. The process of depositing and loaning money at commerical banks creates additional credit that wasn't there before. If a bank accepts $1000 and loans $900, there is now $1900 of money. By definition.