Answer:
By encouraging inducement to save and also mobilising savings from the public, banks help to increase the aggregate rate of investment in the economy. This creation of credit, if it is used for productive purposes, greatly larges production and investment and thus promotes economic growth.
how?
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. Bank loans facilitate commerce.
Manufacturers borrow from banks the money needed for the purchase of raw materials and to meet other requirements such as working capital. It is safe to keep money in banks. Interest is also earned thereby. Thus, the desire to save is stimulated and the volume of savings increases. The savings can be utilised to produce new capital assets.
The colonists in Jamestown hoped to find riches, such as gold or silver
Answer: Georgia
Explanation:
James Oglethorpe pushed for the creation of a new colony where the poor in Britain could relocate to and start a new life. That colony was Georgia and the first poor people he wanted to relocate were those in prison for having failed to pay off their debt.
The British agreed to this proposal as they saw it as a just cause and they also wanted to reduce the overcrowding in their prisons. Another more important reason was that it would serve as a buffer between the wealthy Carolina colonies and the Spanish in Florida.
Answer:
The answer is D bc pinchot was the first head of the United States forest service and a leading spokesman for sustainable use of natural resources for the benefit of the people.
Answer: B) it has value because people will accept it in exchange for a good or service
Explanation:
Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it.
Via. Investopedia
