Question

Write one paragraph that summarizes clearly why banks are important to the U.S. economy and how government actions can affect how banks operate.
Write a second paragraph that explains whether you think the federal government should be allowed to use credit. Remember, people debate this topic often so there is no clear right or wrong answer. The important thing is to support your claim with facts from the lesson. Include at least three reasons for your opinion.

Answer 1

Banks are very important to the US economy because they control the inflow and outflow of money that comes in and out of the country. Banks use these  money for development of the country and without them, the economy will have a hard time monitoring the country's cash supply

Answer 2

Banks are very important to the U.S. economy because they give us loans and help businesses. How government can affect banks is if the government does not have enough money, they can lower how much money they can put in a bank which could affect loans.

The federal government should use credit because it would make it easier for people who don't have enough money to pay for things they need like food, water, and cloths. Another reason is that it would be a little easier for people because they do not have to pay directly but the money would be do at a specific time.