Multiple Choice
Which is the most accurate statement?
A) Most Americans save for the same reason.
B) Poor people,on the average,save a higher percentage of their income than the rich.
C) The permanent income hypothesis has had a virtually perfect record in predicting consumer behavior.
D) The tremendous expansion of bank credit cards,installment credit and consumer loans has contributed substantially to the consumer binge of the last dozen years.
Correct Answer:
Verified
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