Which of the Following Statements Is False

question 39

Multiple Choice

Which of the following statements is false?

• A) Factors affecting the amount of savings include: levels of income, economic expectations, cyclical influences, and the life stage of the individual saver.
• B) Gross savings are the profits remaining after tax, and in the case of corporations, after the payment of cash dividends to stockholders.
• C) Voluntary savings are financial assets set aside for use in the future.
• D) After the Civil War, the United States was able to generate sufficient capital to finance its expansion.

---

Definitions:

Probability Distribution

Represents a statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Foreclosed

A legal process where a lender takes control of a property after the borrower fails to make mortgage payments.

Vickrey Auction

A type of sealed-bid auction where the highest bidder wins but pays the price offered by the second-highest bidder.

Willingness To Pay

The maximum amount an individual is ready to spend to acquire a good or service, reflecting the value they assign to it.