The difference between "saving" and "savings" is that
A)saving is done by households and savings by businesses.
B)saving is undertaken as a precaution against unemployment and savings are undertaken to increase investment spending.
C)savings are the result 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 or assets for future use, while savings refer to the actual amount that has been saved. Therefore, savings are the result of past and current saving. None of the other options accurately describe the difference between the two terms.

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