Explain what banks do and how it affects the overall economy. (10 points)

As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner. They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities.

Explanation:

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supplies had to travel a long distance across water on ships that were often attacked, so they did not reach europe

the answers are excess supply, and fall

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