Money Creation in the Modern Economy

Most of the economists define “money” as a combination of cash and bank demand deposits where the main part is demand deposits. The cash or the legal tender is created solely by the central bank in each country

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The Israeli Banking System in 2016

The year 2016 was not a good one for the Israeli Banking System, especially not for the group "Hapoalim". Indeed, the
profits increased but the profitability decreased