A Factor That Limits the Amount of Saving in Developing

question 258

Multiple Choice

A factor that limits the amount of saving in developing countries is the fact that

• A)the banking system does not encourage saving.
• B)there is too much foreign aid, so savings is not needed.
• C)the level of aggregate domestic output is low.
• D)the government controls financial institutions and makes it difficult for people to save.

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Definitions:

Sexism

Prejudice or discrimination based on a person's sex or gender, often resulting in unequal treatment.

Ethnic Minority

A group within a larger society that is distinguished by racial, linguistic, or cultural heritage, often facing different treatment or discrimination.

Ethnic Majority

The sociocultural group within a society that holds the majority of power and influence, often setting societal norms and standards.

Group Identity

The sense of belonging to a specific social group, often accompanied by a strong emotional connection and adherence to group norms and values.