35 years: Debt capital markets
In this video, Tim explains how banks and their customers interact in the "creation" of money, and also provides an overview of the banking system and its limitations.
In this video, Tim explains how banks and their customers interact in the "creation" of money, and also provides an overview of the banking system and its limitations.
15 mins 43 secs
Money has three functions in a modern economy: a store of value, a unit of account and a medium of exchange. And it exists in different forms. By making loans, banks create money, but several factors limit their ability to do so.
Key learning objectives:
Outline the functions of money
Recognise the types of money that exist
Understand how banks create money by making loans
Comprehend the limitations on banks’ ability to create money
03:24
04:22