Which one of the following statements concerning money savers and money users is incorrect?
A) In Canada, households are generally net users.
B) Savers are those who have excess funds.
C) The spending needs of users are greater than their current income.
D) The savings rate of Canadian households is low compared with savings rates in other countries.

Question

Quizplus · Accepted Answer

Households are generally net savers, not net users. They save part of their income for future use, which contradicts the statement that they are generally net users.

Which One of the Following Statements Concerning Money Savers and Money