Savings represent money people earn but don't spend currently. They generally invest that money by putting it in bank accounts or using it to buy stocks and bonds. Hence, savings equals investment, a fundamental economic principle of an advanced economy. Critique this statement.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q194: The three components of an interest rate
Q195: Interest rates generally vary with the term
Q196: Not to be confused with the probability
Q197: Treasury (federal government)securities are default and maturity
Q198: The "base" interest rate is made up
Q200: Bond price changes brought about by interest
Q201: An industrialized economy is comprised of which
Q202: When consumers spend money on food and
Q203: Dark pools are broker-dealer organizations that help
Q204: Roughly 40% of today's trading is conducted
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents