Banking Information Guide
You are writing an information guide for young students titled Banking in the United States Made Easy!
Explain each of the following terms in your own words. Currency -
Interest -
Money supply -
Profit -
Stock -
Answer each of the following questions in complete sentences. Banks are businesses. Like other businesses, they seek profit. How do they earn profit?
Why might an individual want to use a bank? Give an example of why a person would use a bank. Why might a business want to use a bank? Give an example of why a business owner would use a bank. What is the Federal Reserve?
The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?
How does banking affect the money supply?
What would happen if banking didn’t exist?
I WILL GIVE BRAINLY!!! PLEASE DO THIS ASAP

Answers

Answer 1

Answer:

Explain each of the following terms in your own words.

Currency - a system of payment also known as money

Interest - is a fee you pay for borrowing money

Money supply - the total amount of money in a country

Profit - a financial gain

Stock - a fraction of ownership of a company

Answer each of the following questions in complete sentences.

Banks are businesses. Like other businesses, they seek profit. How do they earn profit?  

 They earn money through bank fees and interest payments                                                                                                                                                    

Why might an individual want to use a bank? Give an example of why a person would use a  bank.

They might use a bank to keep their money safe.

Why might a business want to use a bank? Give an example of why a business owner would use a bank.

A business owner might use a bank to get a loan.

What is the Federal Reserve?

The federal reserve is the central bank of the United states.

The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?

It affects it because people will have more or less money to spend

How does banking affect the money supply?

It affects it by increasing the money supply.

hope this helps :]

Answer 2

Interest - In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party

Money supply - In macroeconomics, the money supply refers to the total volume of currency held by the public at a particular point in time. There are several ways to define "money", but standard measures usually include currency in circulation and demand deposits.

Profit - A profit is the difference between the revenue that an economic entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs.

Stock - A stock (also known as an equity) is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation's assets and profits equal to how much stock they own. Units of stock are called "shares."

How do they earn profit?

Profit describes the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question. Any profits earned funnel back to business owners, who choose to either pocket the cash or reinvest it back into the business.

Why might an individual want to use a bank?

Consumers usually view banks as places to keep money or as places to go to borrow money. The types of accounts you can have with a bank may include: Checking accounts. Savings accounts.

Why might a business want to use a bank?

Banks provide business-specific financial services that help business owners manage their money. In addition to basic checking account services that allow business owners to deposit funds and write checks, they may also allow businesses to transfer money by Automated Clearing House (ACH) and wire.

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Related Questions

Select the correct answer. Which methods did abolitionists use to spread the abolitionist movement?

Answers

Answer:

published antislavery books and articles.

Explanation:

They were trying to get it around the globe.

Answer: so Activists used the press to spread the abolitionist message right?. Newspapers like William Lloyd Garrison's The Liberator circulated vehement attacks on government sanctioned bondage. Other publications, such as pamphlets and leaflets, contained anti-slavery poems, slogans, essays, sermons, and songs.

Explanation: shorten it if needed :)

Why was robert e. lee confident marching into the north before the battle of gettysburg? question 3 options: he had won most of his recent battles he knew the land in pennsylvania better than the union he had a spy giving him secret information on the union forces he know george meade feared him

Answers

Because he had won the majority of his recent battles, Robert E. Lee was confident when he marched into the north before the Battle of Gettysburg.

Who was Robert E. Lee?

Robert E. Lee was an American Confederate general who was both successful and influential. He was one of the most important participants in the Battle of Gettysburg.

Between June and July 1863, the Battle of Gettysburg took place. Lee had already won numerous engagements before heading north, including one against Union forces at Chancellorsville.

Robert E. Lee was sure that he could complete his march to the north before the Battle of Gettysburg because he had solid backing and mental space.

As a result, option A; Robert E. Lee was confident marching to the Battle of Gettysburg, as he had won most of his recent battles. 

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when did the black death start

Answers

Answer:

1346 – 1352

Explanation:

Answer:

1340

Explanation:

countries participate in global trade in order to

Answers

Answer:International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.

In another sentence: Trade is central to ending global poverty. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services.

One example of us foreign aid is economic sanctions. military training. low tariffs. free trade.

Answers

Answer: Military Training

Explanation: Edge 2022

Economic sanctions and military training are two instances of US assistance abroad.

What is US foreign aid?

US foreign aid, often known as US foreign assistance, refers to a variety of tangible and intangible kinds of help provided by the United States to other countries.

Foreign aid is utilized to bolster national security and commercial interests in the United States, but it can also be granted for humanitarian purposes. Aid is funded by US taxpayers and other revenue sources appropriated by Congress each year through the US budget process.

The principal recipients of US foreign aid include developing countries, countries of strategic importance to the US, and war-torn countries.

Despite the fact that the United States has been providing assistance to other nations since 1812, government-sponsored aid was increased during World War II, and the current aid system was put into place in 1961.

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The _____ was the secret police force and security of the Nazi party that later evolved into the _____, who used terror and violence against the Jews.

A. SS, Gestapo
B. Gestapo, Cheka
C. Gestapo, SS
D. SS, Checks

Answers

Answer:

im pretty sure its either A or b... but im not to sure sorry:(

Explanation:

hope this helps

The Gestapo was the secret police force and security of the Nazi party that later evolved into the SS, who used terror and violence against the Jews. The correct option is c.

What is the Gestapo?

The Gestapo was the official secret police of Nazi Germany and in German-occupied Europe.

The force was created by Hermann Göring in 1933 by combining the various political police agencies of Prussia into one organisation. On 20 April 1934, oversight of the Gestapo passed to the head of the Schutzstaffel, Heinrich Himmler, who was also appointed Chief of German Police by Hitler in 1936. Instead of being exclusively a Prussian state agency, the Gestapo became a national one as a sub-office of the Sicherheitspolizei. From 27 September 1939, it was administered by the Reich Security Main Office. It became known as Amt 4 of the RSHA and was considered a sister organization to the Sicherheitsdienst.

During World War II, the Gestapo played a key role in the Holocaust.

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Can someone please help me? :(

Answers

Answer:

Explanation:

Mali was more powerful and had a greater extant in terms of territories held

which civilization best completes the title of the diagram

Answers

Answer:

A

Explanation:

The answer is A. Ghana is known of the land of gold and grew wealthy and big because it was a trading empire

During the American Revolution, some soldiers' wives became what were called "camp followers." Most of these women served the Continental Army by

A. carrying messages.

B. cleaning guns and feeding horses.

C. cooking food and washing laundry.

D. planning strategy.

answer C on study island

Answers

Answer: c

Explanation: From what I can conclude from my research, Answer choice C best fits what i've seen.

Answer:

washers, cooks, and occasionally as soldiers and spies.

In this activity, you’ll read and analyze the song "The Unreconstructed Rebel," written around 1866. You’ll draw conclusions from this song about Southerners’ feelings toward African Americans after the Civil War. Part A

Who is the speaker or the singer of the song? How do you know?

Answers

Answer:

The speaker is a former Confederate soldier. He calls himself a rebel, as mentioned in the song’s title, and he sings about killing Yankees.

Explanation:

What european countries had colonies in the caribbean?.

Answers

Answer:Spanish, English, Dutch, and French.

Explanation:I Hope This Helps My Friend:)

How did Japan respond after the United States dropped the first atomic bomb on Hiroshima?

It refused to surrender to the Allies.
It agreed to surrender to the Allies.
It appealed to Germany for help.
It attacked the US in the Pacific Islands.

Answers

Answer:

it agreed to surrender to Allies

Who formed the first billion dollar company in the united states?.

Answers

Answer:

Your answer is Andrew Carnegie.

Explanation:

In 1901 Morgan purchased Carnegie Steel. That same year, John Pierpont Morgan merged Carnegie Steel with a group of other steel businesses to form U.S. Steel, the world's first billion-dollar corporation.

Which of the following individuals would be considered unemployed when calculating the
unemployment rate? (1 point)
O a 15 year-old girl who wants to work part time but is unable to find work
a 22-year-old teacher who recently lost his job and is currently looking for a
new one
an 18-year-old electrician who is currently working full time but would like to
work more hours
O a 65-year-old retired plumber who has no interest in looking for a new job

Answers

Answer:

Explanation:

A 22-year-old teacher who recently lost his job and is currently looking for a new one

Individuals that are retired, under the age of 16, or currently employed are not considered when calculating the unemployment rate.

hope this helps!

mark me brainliest please.

Did government support for civil rights come from the federal or state level?

Answers

Answer:

federal

Explanation:

its on quizlet

Which of the following is a result of the March on Washington?

Answers

Answer:

pressuring the administration of john f. kennedy to initiate a strong federal civil rights bill in congress

Explanation:

During the postwar Red Scare, many individuals suspected of Communist sympathies experienced persecution and destruction of their careers __________.

Answers

Answer:

...based on little more than suspicion and vague accusations

Explanation:

hopes this helps.

What was Collectivization, and why
was Ukraine targeted?


Need help plEase

Answers

Answer:

Collectivization of the farmlands of Ukraine began in 1929. Stalin wanted the country, with its hugely fertile black soil, to be the breadbasket of the Soviet Union. He wanted to feed the important party officials and to export its grain abroad to fund his vast industrialization projects.

What led to the Russian Revolution which forced Russia to withdraw from the war in 1917. O Russia's domination of the Eastern Front O Russia's domination of the Eastern Front O Germany's domination of the Western Front O Germany's domination of the Eastern Front​

Answers

Answer:Russia withdrew from World War I because the Bolsheviks, who had promised the Russian people “peace, land, and bread,” came to power after overthrowing the provisional government.

Explanation:

2. What did Stokely Carmichael mean by the term "black power"?
African Americans could use nonviolence to gain political influence.
African Americans should use economic and political power to gain equality.
African Americans could band together and use violence to gain equality.
O African Americans should use money to buy equality.

Answers

Answer:

I'm pretty sure it is A I'm not sure tho

Answer:

D

Explanation:

grad point

It is important to talk about how to manage your finances as a couple __________________.

after you get married
never talk about money
before you get married
before you start dating

Answers

Answer:

Before you get married.

Explanation:

If its wrong pls tell me

~Chiena

Explain ONE historical development that contributed to the dissolution of empires after World War II

Answers

The formation of the North Atlantic Treaty Organization.

One historical development that contributed to the dissolution of empires after World War II was the rise of nationalism and demands for self-determination among colonized peoples.

What was the rise of nationalism?

The rise of nationalism refers to the emergence and growth of the idea that people sharing a common cultural, linguistic, or historical identity should form a separate political entity or state.

This idea gained momentum in the 19th century, and it played a significant role in the formation of new nation-states and the dismantling of empires in the 20th century.

Nationalism can take various forms, ranging from peaceful movements seeking greater cultural recognition or autonomy, to more aggressive movements seeking political independence or dominance over others.

Nationalism has often been a double-edged sword, as it can be a source of pride and unity for a people, but it can also lead to conflict and aggression towards other groups.

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Do you think affirmative action is an effective way to guarantee minorities access to higher education? Why or why not?Explain

Answers

Answer:

I will explain to you later ok

Explanation:

How did Rusk feel about the South Vietnamese government's ability to fight the communists?

Answers

Answer:

Rusk felt that maybe the South Vietnamese government would not be able to hold their own against the Communists.

Which statements help explain the causes of the iranian revolution? check all that apply. many iranians resented americans’ influence in their country. the shah used secret police to imprison and kill his opponents. many rebelled against policies that pushed iran’s economy to near collapse. the shah launched an attack against iran’s conservative clergy. many were angry with corruption brought on by iran’s booming economy.

Answers

The Iranian Revolution,1978–79 options A, B, and E explain the revolution.

What happened in Iran during the Revolution?

The Iranian Revolution, also known as the Islamic Revolution, was a popular uprising in Iran in 1978–79 that resulted in the monarchy's overthrow on February 11, 1979, and the establishment of an Islamic republic.

A: Many Iranians were resentful of American influence in their country.

B: The Shah employed secret police to imprison and assassinate his opponents.

E: Many people were outraged by the corruption brought on by Iran's booming economy.

Therefore, options A, B, and E explain the Iranian Revolution.

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Why do you think the "Balfour Declaration & McMahon Correspondences" letters would help lead to conduct in Palestine?

Answers

The Balfour Declaration & McMahon Correspondences" letters would help lead to peaceful conduct as they recognized the two-state solution.

What were the Balfour Declaration and McMahon Correspondences?

The Balfour Declaration refers to the public support by Great Britain to recognize an independent state of Israel in Palestine.

The Balfour Declaration was made in 1917 during World War I, perhaps in hindsight, to avert the Holocaust of the Second World War.

On the other hand, the McMahon-Hussein Correspondences refer to a series of letters exchanged between the Sharif of Mecca and Great Britain, which recorded the agreement to recognize Arab independence in exchange for the Sharif launching the Arab Revolt against the Ottoman Empire.

Thus, while the Balfour Declaration contradicted the earlier McMahon-Hussein Correspondences, the two plans would lead to the two-state solution.

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Which of these sentences best matches the meaning of clinton’s statement? the united states should not care about global poverty because it will burn out. the united states is responsible for creating global poverty and therefore should work to end it. the united states should work to end global poverty because it can cause big problems in the future.

Answers

Clinton stated that the United States should work to end global poverty because it can lead to major problems in the future. Refer option C

Who was William Jefferson Clinton?

William Jefferson Clinton is an American politician who served as the 42nd President of the United States from 1993 to 2001.

His main goal is to eradicate poverty in the United States because it speaks of doing something with the knowledge that the outcome will be better than the alternative.

Therefore, option C aptly describes the statement.

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Answer:

C. The United States should work to end global poverty because it can cause big problems in the future.

Early farmers included the _______________.
a.
Apaches
c.
Mogollon and Anasazi
b.
Navajo
d.
Cherokees

Answers

The answer to your question is .. C. Mongollon and Anasazi

The cornerstone of lyndon johnson’s war on poverty was which program?.

Answers

Community Action was the cornerstone of President Lyndon Johnson’s war on poverty.

What is Community Action?

Community Action was a program that was developed and introduced in the United States of America under the Economic Opportunity Act of 1964 by President Lyndon B. Johnson, so as to effectively wage war on poverty through massive infusion of federal funds at the grassroot.

This ultimately implies that, the cornerstone of President Lyndon Johnson’s war on poverty was Community Action program.

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What were some of the new weapons used at Passchendaele?

Answers

Answer: German machine guns

Explanation:

German machine guns were the most effective defensive weapon during the Battle of Passchendaele, working in tandem with bunkers, barbed wire, and positions higher than the attackers'.

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