Answer each of the following questions in complete sentences. 1.Banks are businesses. Like other businesses, they seek profit. How do they earn profit?
2.Why might an individual want to use a bank? Give an example of why a person would use a bank.
3.Why might a business want to use a bank? Give an example of why a business owner would use a bank.
4.What is the Federal Reserve?
5.The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?
6.How does banking affect the money supply?
7.What would happen if banking didn’t exist?

Banks make money from service charges, fees.

Explanation:

Banks make money from service charges, fees as well as earn money from interest they earn by lending out money to other their clients. An individual want to use a bank in order to use its services such as loan as well as saving money. A business want to use a bank in order to take loan money when they need money in the business. Federal Reserve is the central banking system, which conducts national monetary policy, supervising and regulating banks, maintaining financial stability in the country, and providing banking services. The Fed can increase the money supply because of decreasing the reserve requirements for banks.  If banking did not exist because the housing industry adversely affected. People will save their money at home which is very difficult to pay bills.

hello there!

the graphics that you have attached within the question, indicates that few people in bolivia work in industry according to its labor force.

however, the graphic that is on the right side of the picture shows the gdp sector in bolivia. this gross domestic product is a macroeconomic magnitude   that shows the monetary value of all finished goods and services within a country's borders in a specific time period. in this case, the graphic is showing the monetary value in each sector -agriculture, industry and services- of bolivia in 2012.

so, although the first graphic located at the left side indicates that not so many people work in industry, this is the second most important sector according to the gdp metrics because of the monetary value that impacts on its country. it does not need to be the most valuable one. if it makes an impact on the country's economy, it will be definitely crucial to it.