lowkey heres some short simple answers
1 interest loans
2 in return for keeping their money safe the bank can strike a deal to use ur money and u slowly gain money over time should the money remain in the bank
3 limited liability company or corporation because it helps shield their personal assets from things that might happen in the future
4 The central bank. its there for a flexible and more stable monetary and financial system.
5 it lowers interest rates allowing opportunity for new investments and spending
6 when banks make loans out of excess reserves it increases the money supply
those my half hearted probs wrong answers for you
additional info surrounding Q1 and Q2: The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts
I believe that would be Genghis Khan
