that is denominated by a unit of account.
(You Believe Ergo We Affirm Your Beliefs, Regardless Of Fact)
Banking Is Government Sanctioned
Exchanges made with the help of money can also be settled in part by offsetting if claims are transferred within a group until claims and counterclaims come into being between the same persons, these being then canceled against each other, or until the claims are acquired by the debtors themselves and so extinguished. In interlocal and international dealing in bills, which has been developed in recent years by the addition of the use of checks and in other ways which have not fundamentally changed its nature, the same sort of thing is carried out on an enormous scale. And here again credit increases in a quite extraordinary fashion the number of cases in which such offsetting is feasible.3 In all these cases we have an exchange made with the help of money which is nevertheless transacted without the actual use of money or money substitutes simply by means of a process of offsetting between the parties. Money in these cases is still a medium of exchange, but its employment in this capacity is independent of its physical existence. Use is made of money, but not physical use of actually existing money or money substitutes. Money which is not present performs an economic function; it has its effect solely by reason of the possibility of its being able to be present.
The reduction of the demand for money in the broader sense which is brought about by the use of offsetting processes for settling exchanges made with the help of money, without affecting the function performed by money as a medium of exchange, is based upon the reciprocal cancellation of claims to money. The use of money is avoided because claims to money are transferred instead of actual money. This process is continued until claim and debt come together, until creditor and debtor are united in the same person. Then the claim to money is extinguished, since nobody can be his own creditor or his own debtor.4 The same result may be reached at an earlier stage by reciprocal cancellation, that is by the liquidation of counterclaims by a process of offsetting.5 In either case the claim to money ceases to exist, and then, and not until then, is the act of exchange which gave birth to the claim finally completed.
That's your "deposit money" and how it works. In other words, you're using a line of bank credit in the amount of your deposit account, Not A US Money/Currency or a money of any type, it's just banks crediting and debiting user accounts.
Thanks to electronic banking, 100% of all bank-mediated transactions, to include debit/credit card use, direct deposits, and bank 'loans', are conducted via the bank offsetting process (near real-time) where no money or money substitutes are used or exchanged. Deposit accounts are merely a bank-managed record of that process, which are being credited and debited accordingly. Because people were miseducated and propagandized into believing they're using money (fictional digital dollars) where no money is used or exists, the banks get away with it.