Answer to Question #63794 in Other Economics for melissa

Question #63794
What would happen if families and businesses were not able to save money in financial institutions? (3 things)
1
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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