Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. They typically earn less interest — or none. Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.
The Free Banking Era, where anyone was free to start their own bank, which resulted in financial chaos and political unrest, is also known as _____.
wildcat banking
lender of last resort
open market operations
the Bank Bill
Answer:
Wildcat banking. For sure.
Directions: After reading the texts, choose the best answer for the multiple-choice questions below and respond to
the writing questions in complete sentences.
A. “Beyond $75,000, money is important for life evaluation, but does nothing
for happiness, enjoyment, sadness, or stress.” (“Study: ‘High Incomes Don’t
Bring you Happiness,’” Paragraph 4)
B. “it is good to have high emotional wellbeing, but it is also good to think your
life is going well.” (“Study: ‘High Incomes Don’t Bring you Happiness,’”
Paragraph 4)
C. “People got excited about both things and events.” (“You can Buy Happiness
if it’s an Experience,” Paragraph 5)
D. “experiences give people the opportunity to bond and socialize” (“You can
Buy Happiness if it’s an Experience,” Paragraph 10)
1. In the text “An Overview of the Great Depression,” the author states, “Even though
Americans faced one of the greatest challenges in our nation’s history during the 1930s,
they were able to produce art and entertainment to raise everyone’s spirits” (paragraph
19). Which of the following quotations provides a reason to support this idea? [RI.8, RI.9]
2. Do the effects of the Great Depression confirm or deny the claims about money and
happiness made in “You can Buy Happiness if it’s an Experience” and “Study: ‘High Incomes
Don’t Bring you Happiness’”? [RI.8, RI.9]
Answer:
Their study of data from the Gallup-Healthways Well-Being Index found that while “life evaluations rise steadily with income,” emotional well-being drops off at about $75,000 a year. Beyond $75,000, money is important for life evaluation but does nothing for happiness, enjoyment, sadness, or stress.
Explanation: