Which of the following best expresses the role a bank has in developing a market economy? a. banks develop regulations that businesses must follow regarding competition and trade. b. banks lend people money to develop businesses and purchase items. c. banks offer people a safe place to store their money and valuables. d. banks provide guidance on tracking expenses and sales.

the committees of correspondence were the american colonies’ means for maintaining communication lines in the years before the revolutionary war. in 1764, boston formed the earliest committee of correspondence to encourage opposition to britain’s stiffening of customs enforcement and prohibition of american paper money. the following year, new york formed a similar committee to keep the other colonies notified of its actions in resisting the stamp act. in 1773, the virginia house of burgesses proposed that each colonial legislature appoint a committee for intercolonial correspondence. the exchanges that followed built solidarity during the turbulent times and bring about the formation of the first continental congress in 1774.