Conclusions
By following the key principles that describe monetary movements, such as double-entry bookkeeping and the accounting equation, and by considering simple examples, it is possible to gain useful insights into how money is created in the banking system.
The double-entry system of bookkeeping plays a crucial role in money and banking in that it tracks monetary movements and ensures the accounting equation is always balanced.
Finally
I hope you found this blog useful and it has helped you understand modern fiat money and how it is created in the banking system.
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