Question

American Money Lesson Seven—How Does Borrowing Money Affect Us?
1.Write one paragraph that summarizes clearly why banks are important to the U.S. economy and how government actions can affect how banks operate.
2.Write a second paragraph that explains whether you think the federal government should be allowed to use credit. Remember, people debate this topic often, so there is no clear right or wrong answer. The important thing is to support your claim with facts from the lesson. Include at least three reasons for your opinion.

Answer 1

Ok
I can't write the paragraph for you
Can I can help you out cx
We nees banks, because when the banks went down during the great depression, it was quite literally the great depression. You could include some talk the affect the lack of banks during this timeperiod had on the country. The government regulates banks and I believe you could do research on that as well

Answer 2

Oops I did not mean to call the question. I'm going to try to rewrite what I have from when I first did the assessment and I'll post what I have for the paragraph whenever you write it and you can tell me if I need to fix anything

Answer 3

Ohhh