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.
Answer: Frame of reference
Explanation: A frame of reference could be referred to a set of ideas, assumption, schemas, values or belief on which an individual's decision, understanding or judgement is based. The frame of reference might introduces bias into an individual's understanding or judgement as the frame of reference differs from person to person. This might introduce a sort of bias into a person's concept of understanding by giving or creating meaning to our perception.
Frame of reference could yield breakdown in communication due to differences in belief, experience, assumptions or background of individuals thus, resulting in differences in encoding and interpretation of messages, stimulus or perception.
<span>France Allied with American Colonies</span>
Answer:
A standard of justice practiced in America is freedom of religion. This is important because our population is so overcrowded because other countries want to be free and practice what they believe.
