Question

Write four sentences explaining why banks are important to the U.S. economy and how government actions can affect how banks operate.

Answer 1

Some pointers

- Banks allow people to invest
• Act as a way to manage money
• Borrow money -> banks can obtain interest and gain money -> \(\uparrow\)$$
- The government can control the banks from not being too selfish and being unfair to everyone by overcharging
• You wouldn't want your bank to charge you for like 50% the money you kept there and always asked for money if you made a purchase

Answer 2

i agree with @dude