Which of the following statements is most correct?
A)As levels of income decrease, an individual may dissave, that is, reduce further consumption expenditures rather than liquidate accumulated savings.
B)The ability to provide adequate funds to meet our investment needs is dependent primarily on the savings of corporations and the government.
C)In terms of the amount of funds raised annually in the credit markets, borrowing by the state and local government sector is smaller than borrowing by the U.S.government.
D)All of the above statements are correct.

Question

Quizplus · Accepted Answer

State and local government borrowing is typically smaller than federal government borrowing in the U.S. credit markets.

Which of the Following Statements Is Most Correct