How do personal savings contribute to the economy?
(1 point)
Responses
They increase the amount of money banks can invest in stocks and bonds.
They increase the amount of money banks can invest in stocks and bonds.
They increase the amount of money banks can loan to individuals and businesses.
They increase the amount of money banks can loan to individuals and businesses.
They allow consumers to invest in different areas of the economy.
They allow consumers to invest in different areas of the economy.
They allow consumers to get advice from banks on how to keep track of their money.
They increase the amount of money banks can invest in stocks and bonds.
They increase the amount of money banks can loan to individuals and businesses.
They allow consumers to invest in different areas of the economy.
Which type of economic institution works to provide services to a community and does not pay taxes?
(1 point)
Responses
bank
bank
market
market
non-profit
non-profit
labor union
non-profit
A popular cell phone manufacturer begins selling a new phone with many unique features. Lots of people want to buy the new phone. The old phone cost $149.00. What is the most likely price of the new phone?
(1 point)
Responses
$79.00
$79.00
$129.00
$129.00
$149.00
$149.00
$199.00