Which of the following is not listed as a determinant of how much a person will save (savings rate)?
A) the individual's own sense of optimism about his or her personal circumstances
B) the relationship between the lending prime rate and growth rates
C) world events such as wars
D) national events such as the election of a prime minister

Question

Quizplus · Accepted Answer

The relationship between the lending prime rate and growth rates is not typically listed as a determinant of how much a person will save. Factors such as income level, wealth, age, education, and personal attitudes towards saving are often cited as determinants of the savings rate. While world events and national events may impact savings rates indirectly through factors like consumer confidence, they are not direct determinants of the rate.

Which of the Following Is Not Listed as a Determinant