Banks rely on the money that you deposit into your savings account to finance the loans they

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Banks rely on the money that you deposit into your savings account to finance the loans they make to borrowers. That is, your savings are the money that banks use to make loans.

Explain how the interest rate paid on your savings account balance affects the availability of money for making loans.

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Principles Of Economics

ISBN: 9781292294698

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Feb 23, 2024 01:00 AM

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Banks rely on the money that you deposit into your savings account to finance the loans they

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While its true that banks use deposits to fund loans the relationship between your savings account i...View the full answer

Principles Of Economics

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