Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: How did high interest rates affect savings and loans (S&Ls) in the 1980s? S&Ls lost money. They had to pay high interest on deposits, but took in less money from low interest loans. S&Ls made
money. They earned high interest on loans they made throughout the 1980s. S&Ls made money. High interest rates attracted more depositors, and S&Ls used their deposits to make more loans. S&Ls lost money. Their earnings were not enough to pay off the loans they had taken out from the Federal Reserve.
A: The answer is B)S&Ls lost money. They had to pay high interest on deposits, but took in less money from low interest loans.
Get an answer
Original conversation
User: Objects that have value because the holder can exchange them for something else of value” defines _____. fiat money portability representative money commodity money

User: How did high interest rates affect savings and loans (S&Ls) in the 1980s? S&Ls lost money. They had to pay high interest on deposits, but took in less money from low interest loans. S&Ls made money. They earned high interest on loans they made throughout the 1980s. S&Ls made money. High interest rates attracted more depositors, and S&Ls used their deposits to make more loans. S&Ls lost money. Their earnings were not enough to pay off the loans they had taken out from the Federal Reserve.

Weegy: The answer is B)S&Ls lost money. They had to pay high interest on deposits, but took in less money from low interest loans.
rhey22787|Points 1467|

User: Which of the following was not used as commodity money by the American colonies? tobacco wheat corn cotton

Weegy: it is D)cotton
Roy0624|Points 609|

User: The savings and loan crisis in the late twentieth century was caused at least partially by which of the following? lack of checking accounts and inadequate business loans high interest rates, bad loans, and fraud inadequate money supply and lack of federal coverage of savings and loan banks overly strict regulation, low interest rates, and lack of consumer confidence

Weegy: C)lack of checking accounts and inadequate business loans.
piso|Points 182|

User: During the Free Banking Era, between 1837 and 1863, banking in the United States was dominated by which of the following? the national bank of the United States state-chartered banks small, independent banks with no charters savings and loan banks

Weegy: C)state chartered banks
liviaa|Points 677|

User: Objects that have value in themselves and that are also used as money” is the definition for _____. representative money money fiat money commodity money

User: The fact that money must withstand the wear and tear that comes from being used over and over again is a measure of its _____. portability age currency durability

Weegy: A)durability
stan_r|Points 1382|

User: Which dominated the Free Banking Era between 1837 and 1863? the Bank of the United States savings and loan banks federal banks state-chartered banks

User: Which dominated the Free Banking Era between 1837 and 1863

Weegy: In this period, only state-chartered banks existed. [ They could issue bank notes against specie (gold and silver coins) and the states heavily regulated their own reserve requirements, interest rates for loans and deposits, the necessary capital ratio etc. These banks had existed from 1781, in parallel with the Banks of the United States. The Michigan Act (1837) allowed the automatic chartering of banks that would fulfill its requirements without special consent of the state legislature. This legislation made creating unstable banks easier by lowering state supervision in states that adopted it. The real value of a bank bill was often lower than its face value, and the issuing bank's financial strength generally determined the size of the discount. By 1797 there were 24 chartered banks in the U.S.; with the beginning of the Free Banking Era (1837) there were 712. source: wikipedia ]
sharpies|Points 8666|

User: What happens when you make a purchase using a credit card? The place where you made the purchase receives the money within 24 hours. The money is immediately deducted from your account. The amount of the purchase is deducted from a prepaid account. The credit card issuer pays the store.

User: What is the money in checking accounts referred to as? a money supply a demand deposit interest fractional reserve banking

User: What is the money in checking accounts referred to as?

User: What is a mortgage used to purchase?

User: Why is using coins as money easier than using gold bars?

User: What is one reason why many people distrusted the banking system during the Free Banking Era of the first half of the 1800s? Many banks refused to accept deposits from ordinary people, preferring instead to have only wealthy customers. Many banks did not have enough gold or silver to back the paper money they issued. Many banks used depositors’ money to make unwise overseas investments that resulted in great losses. Many banks reported deposits to the Internal Revenue Service, forcing depositors to pay taxes on the interest they earned.

Weegy: B) many banks did not have enough gold or silver to back the paper money they issued. many people distrusted the banking system during the Free Banking Era of the first half of the 1800. [ Because many banks did not have enough gold or silver to back the paper money they issued ]
piash|Points 3199|

User: What is the difference between simple and compound interest? Simple interest is paid once a year; compound interest is paid at least quarterly. Simple interest is paid as long as the money stays in the bank; compound interest is only paid for a year at a time. Simple interest is paid on the principal only; compound interest is paid on both principal and interest. Simple and compound interest are two names for the same thing.

Question
Asked 11/15/2012 7:41:41 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,401,707 questions answered
Weegy Stuff
S
P
P
L
P
P
P
Points 131 [Total 1867] Ratings 3 Comments 101 Invitations 0 Online
S
Points 70 [Total 81] Ratings 5 Comments 20 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 19 [Total 19] Ratings 1 Comments 9 Invitations 0 Offline
S
Points 16 [Total 16] Ratings 0 Comments 6 Invitations 1 Offline
S
L
Points 15 [Total 112] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.