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BIBLIOGRAPHY

How is money created?

Bank of England（explainer）

Claims Supported by This Source

  1. Money in the UK: 3% banknotes and coins / 18% reserves / 79% bank deposits.
  2. Regulation (capital) constrains money creation by banks.
  3. Payments to other banks are made using central bank electronic money (reserves).

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.