Robert B. Anderson Famous Quotes & Sayings

1 Robert B. Anderson Famous Sayings, Quotes and Quotation.

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When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower. Robert B. Anderson Sayings: When a bank makes a loan, it simply adds to the borrower's deposit account by