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How do personal savings contribute to the economy?

Responses

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 also help individuals and families build financial security and stability, which can lead to increased spending and investment in the economy. Additionally, personal savings can help reduce reliance on government assistance programs, freeing up resources for other purposes. Overall, personal savings play a crucial role in promoting economic growth and stability.

so A,B,C, or D

A, B, and C are all correct ways in which personal savings contribute to the economy. D is not directly related to how personal savings contribute to the economy as it focuses more on financial management advice from banks.