Write briefly the third stage in the evolution of money?

Allen deposits $2,000 in his local bank. he earns 2 percent interest each year on his deposit. jessica borrows $1,000 from the same bank. she is charged a 7 percent interest rate on the borrowed money. how do these bank practices affect the money supply in the community? in allen's case, but not jessica's, the money supply decreases. in both allen's and jessica's cases, the money supply decreases. in jessica's case, but not allen's, the money supply stays the same. in neither jessica's nor allen's case does the money supply increase.

How did european immigrants of the late 1800s change american society

How important is it to have a powerful army and navy? give two reasons for your answer