Identify the correct statement about Australia's financial system.
A)The main source of funds is household savings.
B)Savings can be in the form of deposits and/or investments.
C)Governments are a source of savings when they have budget surpluses.
D)Firms are a source of savings when they retain earnings.
E)All of these.

Question

Quizplus · Accepted Answer

All of the statements given are correct. The main source of funds in Australia's financial system is household savings, which can be in the form of deposits and/or investments. Governments can also be a source of savings when they have budget surpluses, and firms are a source of savings when they retain earnings.

Identify the Correct Statement About Australia's Financial System