47
Lesson 47 of 84 · Trade and Commerce
Trade and Cultural Exchange
Banks accept deposits, make loans, and provide financial services. Your deposited money helps fund loans to other people and businesses.
Key Facts
1
Every choice has an opportunity cost.
2
Money is a medium of exchange.
3
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What happens when demand is high and supply is low?