The benefit of saving is the

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Quizplus · Accepted Answer

The benefit of saving is the real interest rate, which is the nominal interest rate minus the inflation rate. This is because the real interest rate measures the purchasing power gained from saving, while the nominal interest rate and inflation rate do not take into account changes in the value of money over time. Saving may also result in capital gains, but these are not necessarily a reliable or guaranteed benefit of saving. The saving rate refers to the percentage of income saved, which is important for overall financial health, but is not a direct measure of the benefit of saving.

The Benefit of Saving Is the