Why are banks important to producers?
(1 point)
Responses
Bank loans allow more people to buy products and homes.
Bank loans allow more people to buy products and homes.
Savings accounts allow a way to make interest off profits.
Savings accounts allow a way to make interest off profits.
Checking accounts give a way to take payments from customers.
Checking accounts give a way to take payments from customers.
Credit cards give producers low-interest loans of small amounts.
Credit cards give producers low-interest loans of small amounts.
What is a major risk of using a financial institution?
(1 point)
Responses
The financial institution may fail entirely.
The financial institution may fail entirely.
Financial institutions may choose not to pay investors back.
Financial institutions may choose not to pay investors back.
Investors can be unable to withdraw money when they need it.
Investors can be unable to withdraw money when they need it.
Insurance will not cover any losses incurred by a financial institution.
Investors can be unable to withdraw money when they need it.
How do labor unions affect the economy?
(1 point)
Responses
They decrease demand by opposing low prices.
They decrease demand by opposing low prices.
They increase supply by keeping workers healthy.
They increase supply by keeping workers healthy.
They decrease supply by increasing worker wages.
They decrease supply by increasing worker wages.
They increase demand by ensuring ethical production.