(1 point)
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 allow consumers to get advice from banks on how to keep track of their money.
1 answer
The correct response is:
They increase the amount of money banks can loan to individuals and businesses.
Personal savings contribute to the economy by providing banks with the funds necessary to extend loans, which in turn facilitates investment and spending by individuals and businesses. This process is crucial for overall economic growth.
