Question

PLEASE HELP!!!!! 20 POINTS FOR THE BRAINIEST ANSWER!!!! :)

#1: Is credit good for the economy? Explain your answer.

#2: Should the government spend money on credit? why or why don't you think it should?

#3: What are financial institutions? Give some examples. Explain what might be different in your life if they did not exist

#4: How does the government affect how financial institutions operate? Why does it have this control? In your response, include an example.

Answer 1

Yes, credit is good for the economy, because it helps it.

No, they shouldn't, because there are certain people to do that for them. 

A financial institution is an establishment that conducts financial transactions such as investments, loans and deposits.

Can't answer the last one, sorry! Hope this helps.