Where does the european main hill bring its money from?
hi...Ive simply read that the european inside sandbank have injected 155billion euros (212 us dollars) into the euro marketplace, what i would close to to know is where on earth did they carry that money from? Did they a short time ago trademark it up?
thankyou
Dan
Answers:
Its reserves, which is made up of the reserves of the crucial bank of the countries who use th Euro.
Retail Banks borrow from the intermediate hill within the country/economic nouns where on earth they operate. Banks also operate underneath the important guard and want a license to trade from it, resembling the federal reserve within the US.
The ECB also creates/prints the money.
How does this work?
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thankyou
Dan
Answers:
Its reserves, which is made up of the reserves of the crucial bank of the countries who use th Euro.
Retail Banks borrow from the intermediate hill within the country/economic nouns where on earth they operate. Banks also operate underneath the important guard and want a license to trade from it, resembling the federal reserve within the US.
The ECB also creates/prints the money.