What would happen if families and businesses were not able to save money in financial institutions? (3 things)
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Expert's answer
2016-12-02T15:10:16-0500
If families and businesses will not be able to save money in financial institutions, this will: - increase the cost of bank loans, which can stop development of small and medium business; - increase the level of robberies (once it is evident that those funds will be stored physically at some places); - prevent those families and business from receiving passive income in the form of interest.
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