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Explain the difference between saving and investment. Which of the following situations represent investment and which represent saving? Why? a. Your family takes out a

Explain the difference between saving and investment. Which of the following situations

represent investment and which represent saving? Why?

a. Your family takes out a mortgage and buys a new house.

b. Your roommate earns $5000 and deposits it in his account at a bank.

c. You borrow $10000 from a bank to buy a car to use in your business.

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