Question

Why might a business want to use a bank? What are the costs to the business owner? What are the benefits? Give an example of why a business owner would use a bank
Please put it all in one post. Thank you :)

Answer 1

@confluxepic @Popstar30977

Answer 2

To borrow money or keep it safe. There is no costs. The person gets his money safe and gets interest. An example would be to save his money.

Answer 3

@77777jeannie77777 @~
You did this before.

Answer 4

oh sorry wrong one lol :)

Answer 5

What is the Federal Reserve? How does the Fed affect banking?

Answer 6

@Popstar30977

Answer 7

http://www.frbsf.org/education/teacher-resources/what-is-the-fed/monetary-policy

Answer 8

The Fed is the nation’s monetary policy authority. Monetary policy involves influencing the availability and cost of money and credit to promote a healthy economy. For the Fed, Congress has mandated two policy goals: one, maximum sustainable output and employment; and two, stable prices, meaning low, stable inflation. These dual policy goals imply moderate long-term interest rates. The Fed works to fulfill its dual mandate primarily by setting a target for a key interest rate, the federal funds rate, which is what financial institutions charge each other for loans in the overnight borrowing market. The federal funds rate serves as a benchmark for many other short-term interest rates and consequently broadly influences credit conditions. The Fed uses a number of tools to keep the federal funds rate near its target.

Answer 9

sorry i dont know:(

Answer 10

thx :)

Answer 11

The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?

Answer 12

Can you post in a new question?

Answer 13

kk