2. banks are businesses. like other businesses, they seek profit. how do they earn profit?
3. why might an individual want to use a bank? give an example of why a person would use a bank.
4. why might a business want to use a bank? give an example of why a business owner would use a bank.
5. what is the federal reserve?
6. the money supply is the total amount of money available in the economy. how do changes in the money supply affect people and businesses?
7. how does banking affect the money supply? 8. what would happen if banking didn’t exist?
9. complete the following diagram to give an example of how banking affects society. use this diagram or you may choose to use the diagram from your cap file.

2) Banks earn profit from service charges and fees.

3) An individual might want to use a bank to collect loans for either going to college or starting their own business.

4) As I said in the 3rd answer, a business would use a bank to collect loans.

5) "The Federal Reserve System is the central banking system of the United States of America."

6) "The size of the money supply can increase and decrease the cost of borrowing or the rate of interest thus making it easier or harder for businesses and individuals to borrow money."

7) "Every time a dollar is deposited into a bank account, a bank's total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. This is how banks “create” money and increase the money supply."

8) "Without banks, we wouldn't have loans to buy a house or a car. We wouldn't have paper money to buy the things we need. We wouldn't have cash machines to roll out paper money on demand from our account."

9) I can't see a diagram, so I can't answer.

Explanation:

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richard allen was a minister for a african methodist episcopal church. he was also a educator and a writer one of america most active and influential black leaders. in 1794, he founded a african methodist episcopal church in philadelphia, pennsylvania. the church that he founded was the first independent african american denomination in the united states. he was a influential leader that makes many people feel comfortable under his preachings. they trusted him and supported him even though it could get them in trouble because slavery was happening. he risked his life to bring slaves and others closer to god and writing books. as a boy he and his family were slaves but some how he managed to teach himself how to read, write and preach. he has written four books about his life, slavery and hymns/preaching.

abraham lincoln, according to anyone who was connected with agriculture, represented the worst of northern politicians. shortly after lincoln was elected, south carolina seceded from the union. they along with other southern states, retained their anger. in a way, it was their own fault: the democrats were split in the south. some wanted slavery to be extended in other states that were about to join the union and some didn't want it badly enough. lincoln had a solid backing from his party: the republicans were united in not wanting slavery to be expanded.