Economic Growth

Question 1

When do banks make money from deposits?

Revolt · Accepted Answer

when banks loan the money to another consumer

Question 2

The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.

Revolt · Accepted Answer

five

Question 3

The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.

Revolt · Accepted Answer

$1,428

Question 4

The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.

Revolt · Accepted Answer

$4,274

Question 5

Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.

Revolt · Accepted Answer

1982

Question 6

What are the responsibilities of the Federal Reserve? Check all that apply.regulate and supervise the American banking industryloan money to banks in a crisisprovide banking and loan services to individual Americansmanage the nation’s currency supplyloan money to corporations that want to raise capital

Revolt · Accepted Answer

regulate and supervise the American banking industry; loan money to banks in a crisis; manage the nation’s currency supply

Question 7

Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.

Revolt · Accepted Answer

18%

Question 8

Interest rates reached their peak in at about .During the year , buying a $100,000 house would result in the highest interest rate.

Revolt · Accepted Answer

1982

Economic Growth Answers

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