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Safety of financial institutions

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What would happen to the US standard of living if people lost faith in the safety of our financial institutions? Why?

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Solution Summary

The expert determines what would happen to the United States standard of living if people lost faith in the safety of our financial institution.

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Financial instituions create financial markets where capital flows to generate more businesses, more jobs, increased productivity and ultimately better living standard.

By saving and investing money today people can benefit in the future by being able to buy such things as a car, a compact disc player, ...

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