What do people do with extra cash?

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Save at home

Deposit with the bank

Spend all money on buying goods

None of the above

answer is B.

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Detailed Solution

When people have extra cash, they usually deposit the surplus money with the bank. This is beneficial both for the individual as well as the bank. For example, if some individual deposits money with the bank, then the bank has an opportunity to grant loans to borrowers. Banks also give interest on the promise but charge a higher interest rate on loans. This is the way through which banks earn money.

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