answersLogoWhite

0

Where do they make money?

Updated: 4/28/2022
User Avatar

Wiki User

13y ago

Best Answer

Money created by manufacturing a new monetary unit, such as paper currency or metal coins, is most often a responsibility of a government's treasury. In modern economies, relatively little of the money supply is in currency (i.e. coins and banknotes); most is created by lending or quantitative easing (see below) using fractional reserve banking. In the U.S., only about 2% to 3% of the total money supply consists of physical Coins and Paper Money. It is usually printed at a mint.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Where do they make money?
Write your answer...
Submit
Still have questions?
magnify glass
imp