Since most money are just electronic with no real bank note behind them, what stops some bank from just adding Billion dollars for their accounts and use it for trading? If the answer is in some form of government regulation/oversight.. what about banks in high-corruption countries who still trade with ‘west’?
Are all electronic money traceable to some central bank/state who send it to the circulation?
In: Economics
The Federal Reserve banks just print money whenever the government tells them to in the US. That 2 Trillion dollar stimulus bill didn’t come from additional taxes – yet.
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