Public Saving Is

question 81

Multiple Choice

Public saving is:

• A)increased when the government budget deficit rises.
• B)identical to the government budget surplus.
• C)less important to national saving than private saving.
• D)more important to national saving than private saving.

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Definitions:

Final Payment

The last payment made to settle a debt or financial obligation, typically at the end of a loan term.

Monthly Payments

Payments made every month towards the balance of a loan, mortgage, or other long-term financial obligation.

Principal Balance

The original amount of money lent or invested, before any interest or profit is added to it or any payments are made.

Amortized

Definition: The process of spreading out a loan into a series of fixed payments over time.