Tuesday

July 29, 2014

July 29, 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.

**Related Questions**

math - John took all his money out of his savings account. He spent $50 on a ...

math - Wyatt used $1,024.87 to pay bills and spent $89.35 to buy a new coat. He ...

pre algebra - At the beginning of the year 2000, Bob put $100 in a savings ...

math - chris put $1,500 in a savings account at an annual interest rate of 5%. ...

business - An account at a commercial bank designed for people who want to earn ...

algebra2 - Bill invested $15,000 in three accounts. The savings account paid 1% ...

algebra2 - Bill invested $15,000 in three accounts. The savings account paid 1% ...

finance - if you want to have $7000 in 10 years, how much money must you put in ...

Finance - Wanda Clark expects interest rate to decline in the next few months. ...

math - A friend opens a savings account by depositing $1000. He deposits an ...