The difference between "saving" and "savings" is that
A) saving is done by households and savings are done by businesses.
B) saving is undertaken as a precaution against unemployment and savings are undertaken to increase investment spending.
C) savings are cumulation of past and current saving.
D) saving is placed in financial institutions such as banks, while savings are kept at home by people.

Question

Quizplus · Accepted Answer

Saving refers to the act of setting aside money for future use, while savings refer to the total amount of money that has been saved over a period of time. Therefore, savings are a cumulative measure of past and current saving. Options A, B, and D do not adequately capture the difference between saving and savings.

The Difference Between "Saving" and "Savings" Is That