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Which best describes how the money that individuals have in savings accounts affects the economy? The money in savings accounts is used for daily expenses like food and gas which keep the economy going. The money in savings accounts just sits in the bank and does not have a great impact on the economy. Savings accounts stop inflation by keeping some money out of circulation. Banks can put the money in savings accounts into circulation by loaning it to others.

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spraguer (Moderator)
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