Which of the Following Definitions Is Correct

question 57

Multiple Choice

Which of the following definitions is correct?

• A)Savers are people who spend less than they earn.
• B)Investors are people who spend more than they earn.
• C)Investors are people who spend less than they earn.
• D)Savers are people who put all their excess income in savings accounts.

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Definitions:

Alliance

A union or association formed for mutual benefit, especially between countries or organizations.

Offeree

The individual or entity to whom an offer is made in a contract scenario.

Offeror

The party in a contract proposal who makes an offer to enter into an agreement, waiting for the acceptance of the offeree.

Assignor

A party who transfers their rights or interests in a contract or property to another party, known as the assignee.