In the Mayflower Compact, those who signed it, also agreed to the creation of a society that would preserve order and to help them reach their goals. They agreed to create several laws, offices and constitutions that would aid the common good. They also agreed that the laws they created would be supreme and agreed to abide by them.
Use a paraphraseer. they hep
Her comment is best on the hindsight bias. This type of bias
is known as the knew-it-all-along by which the after the event has occurred,
the person was able to determine and see the events or the individual were able
to predict the event that had occurred before it could even happen.
1. What is the difference between currency and the money supply?
Currency is the type of money being used (for example the Japanese Yen or the American Dollar). While money supply is the amount of money in an economy and the money being used.
2. How do banks make profits?
They make profits by giving loans and them collecting with interest.
3. Why might you want a loan to start a business?
One might want a loan to start a business because not every person has large amounts of money to start and maintain a business, so many will go to a bank to start-up.
4. What is the Federal Reserve?
The Federal Reserve is the central banking system of the United States.
