David Malones New Improved Magic Money Tree Quiz

Banks simply act as middlemen, only lending out the money that savers and investor have deposited with them. False True Don´t Know Only the government – via the Bank of England or Royal Mint – has the authority to create money, includingcoins,notes and the electronic money in your bank account. True False Don´t Know Ignoring loans to other financial sector companies, the majority of bank loans are made to businesses, and the remainder to households/consumers. True False Don't Know New money is created when banks make loans, and existIng money is destroyed when members of the public repay loans. True False Don't Know

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