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A comment on China lets yuan break 7-per-dollar level for first time in over a decade. Parent comment

Re:China lets yuan break 7-per-dollar level for first time i... by perl4ever on Monday August 05, 2019 @08:23PM (#20620771)
"Banks create money through lending"

A bank making a loan is trading one asset, cash, for another asset, a loan. If that's "creating money", then doesn't that imply that a loan is "money" and cash is not "money"?

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