The Rate of Return on a Savings Account Is Also

question 38

Multiple Choice

The rate of return on a savings account is also referred to as:

• A)liquidity.
• B)compounding.
• C)yield.
• D)opportunity cost.
• E)asset turnover.

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Definitions:

Day

A unit of time equal to 24 hours, representing one complete rotation of the Earth on its axis.

Marginal Utility

The added satisfaction or utility gained from consuming an additional unit of a good or service.

Spending

Engaging in transactions to acquire goods or services by spending money.

Income

Earnings accrued from work or investment sources on a consistent basis.