Explain each of the following terms in your own words.
currency—

interest—

money supply—

profit—

stock—

answer each of the following questions in complete sentences.

banks are businesses. like other businesses, they seek profit. how do they earn profit?

why might an individual want to use a bank? give an example of why a person would use a bank.

why might a business want to use a bank? give an example of why a business owner would use a bank.

what is the federal reserve?

the money supply is the total amount of money available in the economy. how do changes in the money supply affect people and businesses?

how does banking affect the money supply?

what would happen if banking didn’t exist?

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.

Currency

A general word for money that applies to all money from all countries like Japan or England

Interest

the percentage that your money build up over time

money supply

the amount of money a country has

profit

the amount of money you get after subtraction taxes and cost of continuation

stock

the amount of money a company you have invested in is making

•Currency -currency is a word for ‘money’ that can be used in a particular country

•Interest -you are paid with money at the same rate to make up for a loss of money or “a loan”.

•Money supply -the amount of money a person or a country has

•Profit -Profit is the amount of money you make, when you take away the costs of taxes and things like food or clothes, the leftover money would be your “profit”.

•Stock -the goods/materials of a business that are being sold and displayed to be sold.

Explanation:

the narrator is a first person, participant one, who describes in the simple past tense important and difficult events in his earlier life. he also provides temporal markers as the month (january) and the time (12: 30 pm). finally the account of his experience is very detailed, to the extent that a participant narrator would talk the same way about his experiences. a good example of such detail is the mention of the “bovril ration” which historically was a native american food adopted by european explorers in arctic and antarctic regions due to its high level of calories.

b would have to be the answer