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Vilka [71]
3 years ago
5

Which BEST explains how debt is both a cause and effect of poverty?

Social Studies
1 answer:
Alenkinab [10]3 years ago
4 0

Answer:

debt makes it hard to manage expenses and not having savings can lead to debt

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Deposits of commercial banks at the federal reserve bank are called bankers from FINS.

Federal funds, often referred to as federal funds are excess reserves that commercial banks and other financial institutions deposit with regional Federal Reserve banks. These funds can be lent to other market participants who do not have sufficient cash on hand to meet their borrowing and reserve needs.

Commercial banks are often referred to as full-service banks because they offer a wide range of financial services, including checking and savings accounts, personal and business loans, and other services.

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