The major factor that determines the volume of savings, corporate as well as individual, is the level of national taxation. Lower levels of taxation lead to higher levels of savings.

Question

Quizplus · Accepted Answer

The major factor determining the volume of savings is not solely the level of national taxation. While taxation can influence disposable income and thus potentially savings, other factors such as interest rates, economic conditions, consumer confidence, and personal income levels also play significant roles in determining savings levels.

The Major Factor That Determines the Volume of Savings, Corporate