Saving is _____ helpful for production but not necessary. not useful for production because it decreases consumption.
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Question:
Saving is _____
- helpful for production but not necessary.
- not useful for production because it decreases consumption.
- required for production.
- not useful for production because it is not a resource.
- not useful for production because savers must be paid interest.
Banks and other financial institutions _____
- channel savings directly to producers.
- are intermediaries between savers and borrowers.
- move money from borrowers to savers.
- move money from those who need money to those that have money.
- serve no purpose in the economy.
Increased saving today means _____
- more consumption today and in the future.
- less consumption today and in the future.
- more consumption today and less in the future.
- less consumption today and more in the future.
- more income today and more consumption in the future.
If Arnold has a positive rate of time preference, he prefers to _____
- save now to protect himself from inflation.
- consume now rather than save.
- invest in stocks and bonds.
- invest in education.
- plan for retirement.
Interest is a payment for deferred _____
- taxation.
- saving.
- consumption.
- investment.
- annuity.
Related Book For
Comparative international accounting
ISBN: 978-0273703570
9th Edition
Authors: Christopher nobes, Robert parker
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