Which problem would most likely result if banks did not exist?
(1 point)
Responses
People would no longer be able to save money.
People would no longer be able to save money.
Money would not move through the economy very well.
Money would not move through the economy very well.
Spending money would become much more difficult.
Spending money would become much more difficult.
Buyers and sellers would no longer use money in markets.
3 answers
Spending money would become much more difficult.
thats incorrect
I apologize for the incorrect response. The correct answer is "Money would not move through the economy very well." Without banks, there would be limited channels for money to flow, making it difficult for individuals and businesses to conduct transactions and for the overall economy to function effectively.
10 answers