Write one paragraph that summarizes clearly why banks are important to the U. S. economy and how government actions can affect how banks operate.

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.

Question

Makai Wilkins

History

23 April, 02:35

Write one paragraph that summarizes clearly why banks are important to the U. S. economy and how government actions can affect how banks operate.

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.

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Alina Hayes · Answer 1

Banks are very important to the US economy because they control the inflow and outflow of money that comes in and out of the country. Banks use these money for development of the country and without them, the economy will have a hard time monitoring the country's cash supply