Banks channel money from savers to borrowers in order to make money off of the "interest" that is charged by the bank to the person or firm taking out a loan. A portion of this interest is also paid to the original "saver".
Answer:
D. Stephen Austin.
Explanation:
Austin was the first American empresario that got a grant from the Mexican government in 1821 to start a settlement for 300 families in Texas. This encouraged a much large immigration to Texas, dozens of thousands by 1835.
One result of the Chinese not modernizing was they lost the "Sino - Japanese"
I am 100% sure its B. Phoenician got it correct on the exam.