2. banks are businesses. like other businesses, they seek profit. how do they earn profit?
3. why might an individual want to use a bank? give an example of why a person would use a bank.
4. why might a business want to use a bank? give an example of why a business owner would use a bank.
5. what is the federal reserve?
6. the money supply is the total amount of money available in the economy. how do changes in the money supply affect people and businesses?
7. how does banking affect the money supply? 8. what would happen if banking didn’t exist?
9. complete the following diagram to give an example of how banking affects society. use this diagram or you may choose to use the diagram from your cap file.

2) Banks earn profit from service charges and fees.

3) An individual might want to use a bank to collect loans for either going to college or starting their own business.

4) As I said in the 3rd answer, a business would use a bank to collect loans.

5) "The Federal Reserve System is the central banking system of the United States of America."

6) "The size of the money supply can increase and decrease the cost of borrowing or the rate of interest thus making it easier or harder for businesses and individuals to borrow money."

7) "Every time a dollar is deposited into a bank account, a bank's total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. This is how banks “create” money and increase the money supply."

8) "Without banks, we wouldn't have loans to buy a house or a car. We wouldn't have paper money to buy the things we need. We wouldn't have cash machines to roll out paper money on demand from our account."

9) I can't see a diagram, so I can't answer.

Explanation:

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answer: look it up on quizlet thats where the answer was found

explanation:

social contract theory, nearly as old as philosophy itself, is the view that persons' moral and/or political obligations are dependent upon a contract or agreement among them to form the society in which they liv