![Mervyn King Quotes: When banks extend loans to their customers, they create money by crediting their customers’ accounts.](https://www.quoteslyfe.com/images/collection3/quotations883/When-banks-extend-loans-to-their-customers-883011.jpg)
When banks extend loans to their customers, they create money by crediting their customers’ accounts.
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This page presents the quote "When banks extend loans to their customers, they create money by crediting their customers’ accounts.". Author of this quote is Mervyn King. This quote is about accounts, loan, money, customers,.