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
goldenfox [79]
3 years ago
5

Imagine an economy without banks. Would it be more or less difficult for people to reach their financial goals?

History
2 answers:
tiny-mole [99]3 years ago
7 0
The first option seems right
nekit [7.7K]3 years ago
6 0

The correct answer is: " More difficult, because it would be much harder for people to save money or obtain loans without banks".

The basic economic activity undertaken by banks consists on attracting savings from economic agents, by encouraging them to deposit their money in the bank by offering a retribution (interest rate) in exchange. Afterwards, banks use the money collected from savers to issue loans to other economic agents that demand funds.

Therefore, the role of banks is essential because<u> they put money suppliers and demandants in contact and, they foster that economic agents become more incentived to accumulate savings. </u><u>This shows how f</u>inancial operations would be much more difficult without banks.

You might be interested in
One way in which the supreme court decisions in Mapp v. Ohio(1961), Gideon v Wainwright (1963), and miranda v arizona (1966), ar
Evgesh-ka [11]

Answer:

sorry

Explanation:

6 0
3 years ago
In order to oversee airport security, the government created
lesantik [10]

Answer:

c. the Transportation Security Administration

6 0
2 years ago
Read 2 more answers
Compared with Medieval art, the purpose of Renaissance art was to
andrew11 [14]

The right answer is “show the wealth of patrons”. In the Renaissance, a patron was a wealthy person who sponsored an artist for their work. For example, the Medici Family was one of those, they were a famous family from Florence who ruled and supported of the arts. Lorenzo the Magnificent, a famous member of it, is well-known for sponsoring Italian artists such as Michelangelo and Botticelli.

8 0
3 years ago
Read 2 more answers
What do most religions have that buddhism does not
saul85 [17]

Answer:

Buddhism does not have a God. But many Buddhists keep images of Buddha. Buddha is not seen as the first prophet of the religion, but as the fourth prophet of the religion. There are two main doctrines in Buddhism, Mahayana and Hinayana.

Explanation:

Please mark as brainliest

5 0
3 years ago
What is globalization?
Anika [276]

Answer:

the process by which businesses or other organizations develop international influence or start operating on an international scale.

Explanation:

4 0
1 year ago
Other questions:
  • One of the most brutal and difficult times of the war probably occurred
    14·1 answer
  • What was the outcome of naval battle battle between the bonhomme richard and the serapis
    14·1 answer
  • Why is the House of Representatives based upon population while the senate is based upon equality.
    13·1 answer
  • What concept was the punishment for breaking a law based on?
    8·1 answer
  • Mark Jr. has 16 toy cars. His shelf only fits 7 cars on a shelf. How many shelves does he need?
    9·1 answer
  • In relation to the September 11th attacks, the term Ground Zero refers to
    9·1 answer
  • What does it mean to say that the Aztec Empire was “based on a tribute”?
    11·1 answer
  • Who was general Pershing
    7·2 answers
  • What is the name of the “lost” Inca city located high in the Andes Mountains that is one of the few completely surviving Inca cu
    13·1 answer
  • Which of the following is true of slavery in the U.S. before the Civil War?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!