Money put in a savings account is taken by the bank and invested in a business venture that will return interest. During the course of this venture, the bank pays taxes and levies. It also generates more jobs for people hence strengthening the economy of the country.
Explain how making a deposit to your savings account can help strengthen the economy.
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Academic.Tips. (2021) 'Explain how making a deposit to your savings account can help strengthen the economy'. 7 October.
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Academic.Tips. (2021, October 7). Explain how making a deposit to your savings account can help strengthen the economy. https://academic.tips/question/explain-how-making-a-deposit-to-your-savings-account-can-help-strengthen-the-economy/
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Academic.Tips. 2021. "Explain how making a deposit to your savings account can help strengthen the economy." October 7, 2021. https://academic.tips/question/explain-how-making-a-deposit-to-your-savings-account-can-help-strengthen-the-economy/.
1. Academic.Tips. "Explain how making a deposit to your savings account can help strengthen the economy." October 7, 2021. https://academic.tips/question/explain-how-making-a-deposit-to-your-savings-account-can-help-strengthen-the-economy/.
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Academic.Tips. "Explain how making a deposit to your savings account can help strengthen the economy." October 7, 2021. https://academic.tips/question/explain-how-making-a-deposit-to-your-savings-account-can-help-strengthen-the-economy/.
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"Explain how making a deposit to your savings account can help strengthen the economy." Academic.Tips, 7 Oct. 2021, academic.tips/question/explain-how-making-a-deposit-to-your-savings-account-can-help-strengthen-the-economy/.
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