The difference between savings and saving
A)is nonexistent.
B)is that savings occurs when consumption does not and saving is used to purchase consumption goods.
C)is that savings is a stock concept and saving is a flow concept.
D)is that savings is measured in real terms while saving is measured in nominal terms.

Question

Quizplus · Accepted Answer

Savings refers to the total amount of money that has been saved over a period of time, while saving refers to the act of putting money aside on a regular basis. Savings is a stock concept as it represents the cumulative amount of money saved, whereas saving is a flow concept as it represents the amount of money saved over a specific period of time. Therefore, the primary difference between savings and saving is the concept of stock versus flow. Option A and D are incorrect because savings and saving are different concepts that cannot be considered as one. Option B is incorrect as it does not accurately reflect the difference between savings and saving.

The Difference Between Savings and Saving