Asked by Paul
Is interest bearing deposit an injection in the economy
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Answered by
GPT 3.5
Yes, an interest-bearing deposit is considered an injection in the economy. When individuals or businesses make deposits in banks, they provide additional funds to the banking system, which increases the amount of money available for lending and investing. This injection of funds stimulates economic activity by enabling banks to make loans to businesses and individuals, who can then invest, spend, or engage in other economic activities.
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