Did the industrial age and the rise in the numbers of factories help or hurt the expansion of the middle class in the United States? Explain.(1 point) A. It helped the expansion of the middle class because factories offered citizens with little-to-no education a stable job with good wages and benefits.

B. It hurt the expansion of the middle class because the factory system replaced the domesticity of goods, in which individual workers would use personal tools or simple machinery to fabricate goods in their own homes. These craftsmen were forced to take lower-paying factory jobs.

C. It hurt the expansion of the middle class because factories forced citizens with little-to-no education into low-paying jobs with no benefits.

D. It helped the expansion of the middle class because poor factory working conditions forced the government to enact laws that eliminated many predatory business practices.

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances