What are savings?
A)Additions or subtractions from debt.
B)Outlays on household related matters that provide benefit beyond the current year.
C)The day-to-day financial functions of the household.
D)Cash flows that come from changes in debt.
E)None of the above.

Question

Quizplus · Accepted Answer

Savings refer to the portion of income not spent on consumption or immediate needs. None of the options provided accurately describe savings, as they relate more to debt management, household spending, and financial operations rather than the act of setting aside income for future use.

What Are Savings