By 1914,______ of All State Bar Associations Had Adopted the Cannons

question 48

Multiple Choice

By 1914,______ of all state bar associations had adopted the Cannons of Professional Ethics accepted by the ABA.

• A)10%
• B)25%
• C)50%
• D)75%

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Definitions:

Saving

The process of setting aside a portion of current income for future use, either by depositing it into a bank or purchasing a financial asset.

Disposable Income

The sum of funds available to a person or family for spending or saving once income taxes are subtracted.

Consumption

The action or process of using goods and services for personal use or enjoyment within an economy.

APS

Acronym for Average Propensity to Save, which is the proportion of income which is saved, usually expressed as a percentage of total household income.