1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stella [2.4K]
3 years ago
11

Why are banks important to the U.S. economy and how do government actions affect how banks operate?

History
2 answers:
Mumz [18]3 years ago
8 0

Explanation: Banks are important because it can help people build their own house and multiple businesses. The important thing to remember is credit is not free money. The government can affect the bank by the interest fees and any other kinds of fees. Plus, the banking system is cruel because the functioning of the U.S economy is making the loans and creating credit. Because of the loans people now know and without the loans nobody would be able to pay for anything they want. The government regulates the banks to make sure the congress and others are being equal to others.

lys-0071 [83]3 years ago
4 0
The banking system is crucial for the functioning of the US economy because they make loans and create credit. Without loans many people wouldn't be able to buy a house or a car, and the economy would collapse. Government regulates the banks to make sure they are being fair to their clients.
You might be interested in
The Persian Empire was the great rival of the Byzantine empire for several centuries. The Persian Empire for several countries.T
GalinKa [24]
Persia is modern day Iran
5 0
3 years ago
What was unique about the 1980s how did this differ from the 1970 or the 1990s
son4ous [18]
Theyre 20 years apart
3 0
3 years ago
Why did Thurgood Marshall cite the Fourteenth Amendment to argue that segregation in public schools was
Sphinxa [80]

Answer:

Explanation:follow me on ig:19_savage_taylor

3 0
3 years ago
Where can you find out how much owe in federal student loans
andreev551 [17]

My federal student aid account

7 0
3 years ago
Read 2 more answers
The Constitution describes two ways to propose an amendment. Which of the following gives an example of one way?
Mkey [24]
3/4 of state. Brainliest if right?
7 0
2 years ago
Other questions:
  • How did trade play a role in empires
    9·2 answers
  • Was princess ariadne a heroine? why or why not?
    13·2 answers
  • Who were the survivors of the Holocaust?
    8·1 answer
  • We write the bills that become laws
    5·2 answers
  • When the president approves a bill but also explains his plans to enforce the new law,__ is issued
    11·2 answers
  • Which development of Europe was a result of the other three
    15·1 answer
  • How did Golda Meir contribute to the development of an independent Israel?
    6·2 answers
  • How did the political social and economic situaton of free African
    9·1 answer
  • Compare and contrast the North American Food Trade Association (NAFTA) and the World Trade Organization (WTO).
    15·1 answer
  • Write a sentence using the word "Genuine."
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!