How do banks “create money” when they lend? Don’t they need to have the money already in order to lend it to others?

How do banks “create money” when they lend? Don’t they need to have the money already in order to lend it to others?

How do banks “create money” when they lend? Don’t they need to have the money already in order to lend it to others?
byu/RyanW1019 inAskEconomics

Posted by RyanW1019