Unless otherwise defined, in the broadest sense, money that enters the economic cycle from someone other than the central bank, usually through loans granted by banks to their customers (money that is backed by a promise to pay made by someone other than the appropriate central bank as the issuer of banknotes and coins). – See money, money creation.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/