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What happens to banking institution if we stopped saving?
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[QUOTE="Carpon, post: 267306, member: 86701"] I think when people stop saving banks will become defunct of course and first of all the workers will lose their jobs and the first threat this poses is unemployment and the more people are unemployed the more the rate of crimes increases. So this can aggravate into a security challenge all because we decide not to save or patronize banks. A lot of banks make good dividend when they give out loans which are actually the funds of people who save and after the loan is paid ,they have a good interest on it which is usually shared by both the bank and the costumer that saved and by such the bank is able to generate their own income. If such is no longer obtainable, banks will run out of funds leading to their breakdown. I think it won't be a nice scenario when banks lose their costumers who save money. [/QUOTE]
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What happens to banking institution if we stopped saving?
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