How do personal savings contribute to the economy?
They increase the amount of money banks can invest in stocks and bonds.
They increase the amount of money banks can invest in stocks and bonds.
They increase the amount of money banks can loan to individuals and businesses.
They increase the amount of money banks can loan to individuals and businesses.
They allow consumers to invest in different areas of the economy.
They allow consumers to invest in different areas of the economy.
They allow consumers to get advice from banks on how to keep track of their money.
They allow consumers to have a financial cushion in case of emergencies or economic downturns, reducing the likelihood of individuals needing to rely on government assistance.
They also contribute to overall economic growth by providing funds for capital investment and stimulating economic activity through increased spending and investment. Additionally, personal savings can lead to higher levels of overall financial stability in the economy.
so which response is it dam
I apologize for the repetition in my initial response.
Personal savings contribute to the economy by increasing the amount of money banks can loan to individuals and businesses, allowing consumers to invest in different areas of the economy, and providing a financial cushion that reduces the reliance on government assistance. Additionally, personal savings contribute to economic growth by funding capital investment, stimulating economic activity through increased spending and investment, and contributing to overall financial stability in the economy.