As the title says. In the simplest form, how does the US economy work.
Also, how does our economy effect foreign economies? (How does out financial crash cause other economies to follow suit?)
Or is money wired to the payee from my bank? Doesn’t online banking cost the bank money? How come banks don’t charge for this service. I’m not naive I know they pass on the cost to me but how?
How does the bank get cash from another bank when a check is deposited? Does the bank mail the check to the bank it was written from and request cash or is it like a credit with that bank?
Working on a final. I need to assess the economy in quest to purchase a home. How does domestic economy and international trade factor in?
We do not need to hoard the wealth but use our wealth to help those who can’t help themselves like disabled veterans, familes who can’t afford healthcare and prescription medicine. Kids who do not have the money to attend College. Special needs children who need private care. The millions of unemployed in our nation.
Spread the wealth around. You may be the next person who need assistance because of un expected occurences in your life. Spread the wealth around.
Maybe a step by step? or where I can get info?