Answer:
Before the establishment of the Federal Reserve System, the West was faced with financial crises. There were instances ok which there were a form of crises which led to fears and worries by bank customers. The people ran to their banks to withdraw their deposits. The failure of one bank often had a ripple effect in which customers of other banks rushed to withdraw funds from their own banks even if those banks were not involved in the crisis.
Banks needed a source of emergency reserves to prevent customer fears and banks being driven out of business.
This led to the set up of the Federal Reserve Act.
The Federal Reserve System was created to tackle these banking issues and also to make possible fostering a sound banking system and healthy economy.
Answer:
Explanation:
Loans are money received from outside and its been paid back based on the agreement of the borrower.
Type
Personal loan - This loan can be received from personal bank or union. They can be used for anything as proposed by the owner. It is given based on personal income and it is been paid gradually. It ranges from a few hundred to thousand.
Payday loan - It is short term loan, a personal check is drafted to include how much is to be borrowed and how much interest will be paid. The loan is being paid immediately and the request check is kept with the lender of the money until the money is refunded. Interest are being paid once
One major benefit would be the income tax return you get every year. Another would be is claiming tax credits. Finally saving on your taxes with deductions.
Answer:
Descriptive interpretation
Explanation:
The options for this question are missing, the options are
Genetic interpretation
Productive interpretation
Descriptive interpretation
Evaluative interpretation
During counseling, sometimes counselors apply tests and they later give interpretation of them. Tests collect information of the client to analyze and identify problems, a treatment or a diagnose. Test interpretation refers to the process of analyzing the answers of the test and translate them into data that is helpful to reach these goals.
A descriptive interpretation of the data is done when the counselor explains to the test taker their current situation (the current state of things, current problem, etc), they don't make interpretations but only explain what they see according to the test.
Thus, when the counselor provides information on the current status of the test taker, the counselor is giving a descriptive interpretation.
