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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.

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Explanation:

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Some people have said the most important words in our Constitution are the first three words of the Preamble. These are the word
ankoles [38]
I agree.

First, let's take a look at the beginning of the Gettysburg Address:

"Fourscore and seven years ago our father's brought forth, on this continent, a new nation, concieved in liberty and dedicated to the proposition that all men are created equal..."

(This is off the top of my head so please forgive me if I missed a few words or punctuation.)

When writing this, Abraham Lincoln was giving the citizens of the United States a bit of a history lesson. He explains that the Founding Fathers believed "all men were created equal" and implicitly states that him and everyone else share a common ancestor when he says, "...our fathers."

With that, let me explain why I wholeheartedly agree that "We the People," is the most important phrase in the Constitution:

That small excerpt from the Preamble creates a sense of togetherness, liberty, and suprisingly, justice. Before America gained it's independence, there was no "We the People." There was a monarch who did as he wished. There wasn't any so called, "free speech" and there certainly wasn't a sense of togetherness. Once 'Merica cut ties with the Tories and gained independence, they had to establish their own government. So the Founding Father's, dedicated to the proposition that all men are created equal, upheld a government that is not a monarchy but a democracy. A democracy is a "government by the people, exercised either directly or through elected representatives." In England, you Americans did not have that choice of electing individuals to rule. You did not have a choice as a people. Well in America, you/we were granted freedom and free speech. And now that "we the people" are all "created equal" we can look back to those first three words of the Preamble and see the important history behind them.
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3 years ago
If you were a ruler one day, and you had to choose between being feared and being loved, which would you choose?
Liono4ka [1.6K]

Answer:

If I was a ruler I will choose being loved the reason why is that I don't want to be well-known as the bad guy or that rich and greedy ruler or that spoiled brat who only cares about money and not the people. Instead, I'll help those in need and help the poor and treat everyone the same no matter what our classes are.

Explanation:

Hope this helps :)

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