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7) choose the best answer. what was the benefit of black - owned banks …

Question

  1. choose the best answer. what was the benefit of black - owned banks and insurance companies? customers received higher interest rates on deposits. the ability to service loans and encourage real estate ownership created a new economy for blacks. black - owned financial companies were not subject to federal laws. they provided a means for enslaved people to save money to purchase their freedom. 8) choose the best answer. what did martin delanys book, the condition, elevation, emigration and destiny of the colored people of the united states, shed light on? it outlined a logical argument against the institution of slavery. it showed how blacks were productive members of society in spite of limitations placed on them. it described how black enterprise was the key to ending slavery. it provided a blueprint for creating black - governed colonies in uninhabited regions of south america.

Explanation:

Brief Explanations

For question 7: Black - owned banks and insurance companies could service loans and encourage real - estate ownership, which was important for building a Black economic base. Higher interest rates on deposits were not a common benefit. Black - owned financial companies were subject to federal laws. Slavery had ended before the significant growth of these institutions.
For question 8: Martin Delany's book showed the productivity of Black people in society despite limitations. It did not primarily outline an anti - slavery argument, focus on Black enterprise as the key to ending slavery, or provide a blueprint for South American colonies.

Answer:

  1. The ability to service loans and encourage real estate ownership created a new economy for Blacks.
  2. It showed how Blacks were productive members of society in spite of limitations placed on them.