Which of the following usually does not influence personal choice of savings medium?
A) Liquidity
B) Degree of Safety
C) Return
D) Income

Question

Quizplus · Accepted Answer

Income typically does not influence the choice of savings medium directly. Choices of savings mediums are more directly influenced by factors such as liquidity (how quickly and easily the savings can be converted into cash), the degree of safety (the risk of losing the savings), and the return (the amount of income generated from the savings). Income might affect how much one can save, but it doesn't usually dictate the type of savings medium one chooses.

Which of the Following Usually Does Not Influence Personal Choice