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It can. Most electronic items now days are sold with the on and off switch turning off a portion of the electronics only. There is usually a slight draw constantly. Add all the devices that do this in your house and it can amount to a small savings in electricity if you unplug when you are not using an item. However, devices that need a "keep alive" memory will lose that memory when unplugged such as the preset station buttons on a stereo. You will have to reprogram them in when you restart the device.

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