History, 05.04.2021 19:30 kandrews6221
1- Banks are businesses. Like other banks, they seek profit. How do they earn profit?
2- Why might an individual want to use a bank? Give an example of why a person would use a bank.
3- Why might a business want to use a bank? Give an example of why a business owner would use a bank.
4- What is the Federal Reserve?
5- The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?
6- How does banking affect the money supply?
7- What would happen if banking didn’t exist?
Answers: 3
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1- Banks are businesses. Like other banks, they seek profit. How do they earn profit?
2- Why might...
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