1. What is the difference between currency and the money supply?
Currency is the type of money being used (for example the Japanese Yen or the American Dollar). While money supply is the amount of money in an economy and the money being used.
2. How do banks make profits?
They make profits by giving loans and them collecting with interest.
3. Why might you want a loan to start a business?
One might want a loan to start a business because not every person has large amounts of money to start and maintain a business, so many will go to a bank to start-up.
4. What is the Federal Reserve?
The Federal Reserve is the central banking system of the United States.
Answer:
-For example, the United States is a society that encompasses many cultures. Social institutions are mechanisms or patterns of social order focused on meeting social needs, such as government, economy, education, family, healthcare, and religion.
-The church was undoubtedly the most important social institution in the colony. Factories, hospitals, schools, and other social institutions were established. Amid the Panic of 1837, many began to criticize social institutions. These dinners were a Chicago social institution for more than 50 years.
Explanation:
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Answer:
Used an analogy to solve his problem
Explanation:
Analogy is the Congnitive process of transferring information from a particular subject which is regarded as the source to another particular subject which is the target. It is the transference of information gotten from a similar task to the work at hand in order to help achieve the same result just as Terry did for the cake.
Answer:
runaway slaves
Explanation:
In the 19th century, before Emancipation, over 90 percent of the African American population was enslaved one famous American Activist slave was Harriet Tubman who used the underground railroad to take them to safe houses taking 13 missions to get as many slaves free from slavery. Many rioted for the unfairness of slavery.
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