(Answered) Describe how financial institutions create moneyyour essay

Economics

Describe how financial institutions create money.

Your essay should be grammatically correct, and where appropriate, cite the source of your information in APA format. Please submit your responses in a cohesive essay. Write a brief essay of at least 325 words that describes the process of creating money. In your essay you should

Differentiate process of creating money from minting coins or printing bills
Explain how the Federal Reserve System uses government borrowing to create money
Describe at least one other method by which new money can be created by any financial institution.

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