Question

Help with Econ!!

Answer 1

3. The fractional banking system _____.
prevents excessive defaults
only works if there are a limited number of banks
ensures growth in the economy
makes banking more secure

4. Which of the following was not used as commodity money by the American colonies?
wheat
corn
tobacco
cotton

Answer 2

1. What is a bank?
an institution that collects taxes for the government
an institution owned by merchants
an institution for receiving, keeping, and lending money
an institution that regulates interstate commerce

Answer 3

This is all I have left :/ I cant find the answers anywhere!!