Savings is considered the portion of income that is:
A) not immediately spent on the consumption of goods and services.
B) spent on productive inputs, such as factories, machinery, and inventories.
C) placed in an individual's savings account.
D) stored in any interest-bearing account.

Question

Quizplus · Accepted Answer

Savings is the portion of income that is not immediately spent on the consumption of goods and services. Choices B, C, and D refer specifically to how savings may be used or stored, but do not capture the definition of savings in its entirety.

Savings Is Considered the Portion of Income That Is