Answer:
a is farmers, b is hunter-gatherers, c is farmers and d is hunter-gatherers
Explanation:
Answer:
Banks needed a source of emergency reserves to prevent the panics and resulting runs from driving them out of business. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act.
Answer:
During an unanticipated inflation, debtors get hurt less than creditors because they repay their loans with less worthy money. Therefore, creditors could avoid being hurt more than debtors during period of high inflation by increasing interest rates of loans. Which will secure the value of borrowed money.
Explanation:
