The Most Important Determinant of Consumption and Saving Is the

question 60

Multiple Choice

The most important determinant of consumption and saving is the

• A) level of bank credit.
• B) level of income.
• C) interest rate.
• D) price level.

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Definitions:

Patriotism

Love for or devotion to one's country and its values.

Inter-Item Reliability

A measure of consistency among multiple items on a test or survey that assesses the same construct.

Nominal

A level of measurement where numbers serve as labels or categories with no inherent numerical order or value.

Interval

In statistics, a range of values on a scale measured between two points, or in music, the difference in pitch between two sounds.