Answer:
By issuing the Declaration of Independence, adopted by the Continental Congress on July 4, 1776, the 13 American colonies severed their political connections to Great Britain.
Explanation:
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“Interest rates are down to the lowest they have been in ten years! Hurry by and get the loan you have been wanting! You can buy that car! Build the addition! Go on an amazing vacation! These rates won’t last long!”–Newspaper ad
What does this advertisement tell you about the current economy?
Banks lowered the interest rates they charge for loans. The money supply will decrease, leading to fewer sales for many businesses.
Banks lowered interest rates to decrease the money supply. People will get fewer loans and purchase more products and services.
Banks lowered the interest rates they charge for loans. The money supply will increase, leading to more sales for many businesses.
Banks lowered interest rates to increase the money supply. People will get more loans and purchase fewer products and services.
Answer:
the third statement should be the correct one
Which of the following best describes the concept of interest?
Interest is the amount of money each bank must pay the Federal Reserve.
Interest is what consumers pay the bank to safely keep their money.
Interest is money paid by consumers to businesses for goods and services.
Interest is the price consumers pay for borrowing money from a bank.
Answer:
Interest is the price consumers pay for borrowing money from a bank.
Is the following statement true or false?
The colonists' primary concern was that they were paying too much in taxes to the British government.
Answer:
true.
Explanation:
Which of the following correctly explains where banks get the money to lend consumers?
From people who open accounts
From profits made on interest charges
From the Federal Reserve
From other banks in the same district
Which of the selections below was a belief of the Founding Fathers that mirrored John Locke's idea of the social contract?