Answer:
Banks make a profit from interest rates.
Explanation:
The interest rate is the amount of interest that borrowers pay for the use of money over a period of time. The interest rate is expressed as a percentage of the loan amount.
The main lender is the central bank, which sets an interest rate on the currency it issues, which is the base rate for institutions that borrow from the central bank. Banks that have borrowed from the central bank must take into account the costs involved and the expected profit. For this reason, the bank's interest rate is higher than that of the central bank. The basis for borrowing for individuals and companies is the interest rate set by the bank. Should an individual or company have to sub-lend its loan, the next borrower must follow the interest rate set by the individual or company.
Answer:
I don't get your question can you be more specific
Explanation:
Answer:
The Bessemer Process was the first inexpensive industrial process for the mass-production of steel from molten pig iron prior to the open hearth furnace. The key principle is the removal of impurities from the iron by oxidation by blowing air through the molten iron.
Explanation:
The Great Commoner--for his ability to connect to the common man.
William Jennings Bryan had an ability to speak but also connect to the ordinary American person. He connected to the rural communities and eventually became the leader of the Populist Party and the Democratic Party. He believed in fundamental Christianity, temperance, farming, the common people.
