Which is the most important function of banks in an economy?

Question

(1 point)
Responses

A.extending credit

B.guarding savings

C.providing mutual fund options

D.managing employee pay systems

Customers cannot purchase every product. How does this fact affect companies that make products?

(1 point)
Responses

A>They increase costs to make up for low sales.

B>They decrease quality to make up for low sales.

C>They provide better value so that customers choose their products.

Answer 1

1. The most important function of banks in an economy is A. extending credit.

2. The effect of customers not being able to purchase every product on companies that make products is C. They provide better value so that customers choose their products.