Drag each label to the correct location on the image
match the different activities to the responsibilities of relevant banks,
accepts deposits from people
conducts nation's monetary policies,
regulates safe and lawful
operations
lends money through to consumers
and businesses
provides financial services to the
government
federal bank
other commercial bank

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?