Factories became larger and produced more goods
Banks and other financial institutions use savings deposits to help borrowers by using deposits to make loans.
Answer: Option A
<u>Explanation:</u>
- The two important functions of a bank are to lend loans and accept deposits. Bank accepts deposits from people for which interest is provided to them.
- With loans being one the core functions of a bank, these loans are given to borrowers through the deposits made by the people.
- This is done to ensure that the cycle of cash and money is maintained in the economy. Based on the need and requirements, the cycle is accelerated or slowed down.
Answer:
Counties, Municipalities, and School districts.
Explanation:
The Chinese merchant class benefitted the most from the trade conducted on the silk road. The silk road trade allowed the Chinese economy to grow and also established trade relations with Europeans.
