Congress created a rudimentary federal court system in The Judiciary Act of 1789. Although Article III of the Constitution mandated a US Supreme Court, the Court was actually established by the same 1789 legislation.
Membership in the Islamic community known as the Umma was based on a common faith. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Answer:
protects their national members' petroleum reserves for their own use
Explanation:
The Organization of Petroleum Exporting Countries (OPEC) <u>protects their national members' petroleum reserves for their own use</u>. The OPEC was established in 1960 and has about 15 member countries presently. The aim of OPEC is to protect the interest of member countries, regulate daily output of oil and hence the global price of oil.
Answer:
By encouraging inducement to save and also mobilising savings from the public, banks help to increase the aggregate rate of investment in the economy. This creation of credit, if it is used for productive purposes, greatly larges production and investment and thus promotes economic growth.
how?
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. Bank loans facilitate commerce.
Manufacturers borrow from banks the money needed for the purchase of raw materials and to meet other requirements such as working capital. It is safe to keep money in banks. Interest is also earned thereby. Thus, the desire to save is stimulated and the volume of savings increases. The savings can be utilised to produce new capital assets.
