Without Banks, People Would

question 114

Multiple Choice

Without banks, people would:

• A)hold more of their wealth as cash.
• B)hold less of their wealth as cash.
• C)invest most of their wealth in real estate.
• D)earn higher rates of return and enjoy more liquidity.

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Definitions:

Subsistence Farming

An agricultural system in which farmers focus on growing enough food to feed themselves and their families, with little or none left for sale or trade.

Federal Government's Land Policies

Regulations and practices employed by a federal government to manage public lands, including their use, conservation, and sale.

19th Century

The period extending from January 1, 1801, through December 31, 1900, known for significant industrial, cultural, and political changes worldwide.

Economic Appraisal

It is the evaluation process used to determine the feasibility or viability of a project, primarily by assessing its costs and benefits.