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October 21, 2014

October 21, 2014

Posted by **alex** on Friday, July 20, 2012 at 5:34pm.

- Economics -
**Ms. Sue**, Friday, July 20, 2012 at 5:37pmYou're not.

- Economics -
**Ms. Sue**, Friday, July 20, 2012 at 5:38pmThe only business you're helping is the bank that makes money from your savings account.

- Economics -
**alex**, Friday, July 20, 2012 at 5:40pmwell the 3 choices are...

The interest you earn can be spent at local businesses.

Banks lend your saved money to businesses to help them expand.

By learning to save, you are increasing your value as a worker.

- Economics -
**Ms. Sue**, Friday, July 20, 2012 at 5:48pmI don't like any of your choices. But your teacher is probably looking for the middle choice.

Since savings accounts earn less than 1% interest per year, you'd have to have $10,000 in the account to have $100 to spend a year.

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