Answer:
2) Banks earn profit from service charges and fees.
3) An individual might want to use a bank to collect loans for either going to college or starting their own business.
4) As I said in the 3rd answer, a business would use a bank to collect loans.
5) "The Federal Reserve System is the central banking system of the United States of America."
6) "The size of the money supply can increase and decrease the cost of borrowing or the rate of interest thus making it easier or harder for businesses and individuals to borrow money."
7) "Every time a dollar is deposited into a bank account, a bank's total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. This is how banks “create” money and increase the money supply."
8) "Without banks, we wouldn't have loans to buy a house or a car. We wouldn't have paper money to buy the things we need. We wouldn't have cash machines to roll out paper money on demand from our account."
9) I can't see a diagram, so I can't answer
Explanation:
hope this helps tho!
