Part D In the 1920s, severe droughts caused many farmers to lose their crops. Why would this loss of crops have been a major problem for local banks in farming communities?
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- What would happen if suddenly banks stop lending (this has happened in the past)? Can it grow?Answer the questions on the right based on the following scenario: Buying a Home - Personal Notes Scenario: You are getting a loan to buy your first home. It is a $250,000 home with 3 bedrooms and 2 bathrooms. The price is so low because the economy was bad, a lot of people lost their jobs, and few people are buying homes. You got the following information from the bank: Loan Amount: $150,000 Interest Rate 1 month ago: 4.5% Today: 4.1% Loan Period: 15 years (180 months) a. Based on what you are hearing from friends and what you know about supply and demand in financial markets, what would you predict about the level of interest rates for house loans in the future? Will they stay the same, increase, or decrease? b. Explain your answer by drawing and explaining 2 supply and demand curves, one showing the interest rate today (assume it is 4.1%) and one predicting what the interest rate will look like in 1 month. c. Based on what you know in this situation, does it matter when you…You probably bank online,rather than go to bank.When your parents were your age hardly anyone did that. What job did online banking destroy? What jobs did it create ? How might artificial intelligence change the banking business?
- 1. When starting a savings plan: A. Have at least five months' income saved for emergencies B. Wait until you have acquired your career job C. Save only in months where you have extra income D. All of these E. None of these 2. A credit card can be used as a tool for creating good credit. A. True B. false 3. Money coming in is called: A. Gross amount B. Expense C. Income D. All of these E. None of theseHow dose a bank plays a role in inverstmentAnswer the following A. Banks and other businesses a. often treat their customers' personal information like a commodity b. always respect their customers' privacy c. solicit the geovernment's help in order to exploit their customers d. are legally allowed to sell all of their customers' information B. Customer information that may be sold by banks include all of the following, EXCEPT a. loan history b. investments c. public arrest record d. bank balance