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
Eva8 [605]
3 years ago
15

3. Explaining Why was the National Banking System developed?

History
1 answer:
Marta_Voda [28]3 years ago
6 0

Answer: The act allowed the creation of national banks, set out a plan for establishing a national currency backed by government securities held by other banks, and gave the federal government the ability to sell war bonds and securities (in order to help the war effort).

Explanation:

You might be interested in
When calculating the Annual Percentage Rate, it is important to consider
marusya05 [52]

When calculating the Annual Percentage Rate, it is important to consider all the above.

Option d

<u> Explanation:</u>

APR provides for a clear view of the actual cost of the borrowing that one might undertake. It gives an annualized value of not just the interest charged but also include the fee(s), if any, related to the borrowing directly, giving a holistic view of the expense related with the borrowing.  

APR on different types of borrowings is calculated differently. For instance, in calculating APR for a loan, the basic formula is:  

APR = 2 \times \frac{\frac{Number\ of\ Payments}{Year} \times Total\ Finance\ Charges }{Original\ Loan\ Proceeds\ \times Total\ Number\ of\ Payments\ +\ 1}

The purpose of APR is to make the choice of the borrower easier and economically more feasible between whether he/she wants to go for the borrowing with higher fee and lower rate or higher rate and lower fee.

7 0
3 years ago
What was the result of the Battle of Britain?
NeTakaya

Answer:

Option B

Explanation:

Battle of Britain was won the Britain army and the Nazi army has to move back. This battle led to the survival of Great Britain. Also, the invasion of any kind by foreign people was blocked.

Hence, option B is correct

6 0
3 years ago
Unit 5 ties Part 1: Learn: Party History. Use slides 3,5-8, and 12-21. This is the time of the Whig party, which was formed in o
Masteriza [31]
Please No links on here
6 0
3 years ago
Choose the correct answer. How did Andrew Carnegie live according to The Gospel of Wealth? A. He made products affordable to the
Veseljchak [2.6K]

Answer:D

Explanation:

5 0
2 years ago
Choose 2 Amendments. Explain what they are and use them in two examples of how they affect your everyday life.
avanturin [10]

Answer:

The 13th Amendment made slavery completely illegal in the United States.

The 15th Amendment gives everyone the right to vote.

Explanation:

If these two Amendments weren't in play then the US would probably still look like the 1780s. So in my opinion, these two Amendments are the most important Amendments.

4 0
3 years ago
Other questions:
  • Połącz zdania dotyczące gdańska z herbem tego miasta
    11·1 answer
  • Which of these is the MOST LIKELY punishment for a person found guilty in a civil court case? A) execution B) incarceration C) f
    9·2 answers
  • What did the Townshend Acts tax?
    5·2 answers
  • What statement about the necessary and proper clause is accurate? It is the source of implied powers. It is written so as not to
    15·2 answers
  • What is the population of brazil?
    14·2 answers
  • What were the two main reasons for the decline of the Byzantine Empire?
    10·2 answers
  • How did the Iconoclast Controversy affect the Byzantine Empire?
    9·2 answers
  • What challenge did early farmers not face as a result of the change from a nomadic lifestyle to an agricultural lifestyle?
    8·1 answer
  • How did considering the perspective of both black and white youth during the 1950s and 1960s impact your understanding of the ci
    10·1 answer
  • One difference between animal call systems and human language is that call systems tend to refer to things in the immediate envi
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!