Answer:
Banks make a profit from interest rates.
Explanation:
The interest rate is the amount of interest that borrowers pay for the use of money over a period of time. The interest rate is expressed as a percentage of the loan amount.
The main lender is the central bank, which sets an interest rate on the currency it issues, which is the base rate for institutions that borrow from the central bank. Banks that have borrowed from the central bank must take into account the costs involved and the expected profit. For this reason, the bank's interest rate is higher than that of the central bank. The basis for borrowing for individuals and companies is the interest rate set by the bank. Should an individual or company have to sub-lend its loan, the next borrower must follow the interest rate set by the individual or company.
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The first act that the Parliament passed in an attempt to raise revenue by taxing the American colonists is <span>The Stamp Act: mandated that colonists affix stamps to certain legal and commercial documents</span>
The mountain men era ended because the beaver was almost drove to extinction in that area and because of fashion. Yes, the change of fashion caused the mountain men era to end. Afterward though many of them became a guide for that area since they had lived there for while.
Washington began earning decorations by arming troops from the Virginia colony to support the British Empire during the Franco-Indian War (1754-1763), a conflict he unwittingly helped initiate.
The Continental Congress appointed Washington Commander in Chief of the Continental Army in 1775. The following year, the British were evicted from Boston, lost the city of New York and were defeated in Trenton, New Jersey, to the surprise caused by Washington crossing the river Delaware. Due to their strategy, revolutionary forces captured the two main British combat armies at the Battle of Saratoga and the Battle of Yorktown. In negotiation with Congress, the colonial states and the French allies, he maintained a weak army and a fragile nation amid the threats of disintegration and failure. After leading the American victory in the War of Independence, he resigned his military posts and returned to life in his Mount Vernon plantation, an act that brought him even more renown.
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