________ Save a ________ of Their Income

question 38

Multiple Choice

________ save a ________ of their income.This ________ capital in their economy and raises economic growth.

• A)Developing countries; large proportion; decreases
• B)Developing countries; small proportion; increases
• C)High-income countries; large proportion; increases
• D)High-income countries; small proportion; increases
• E)High-income countries; large proportion; decreases

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Definitions:

Present Value

The contemporary valuation of future financial sums or sequences of cash flow, when factoring in a specific rate of return.

Interest Rate

The portion of a loan assessed as interest to the borrower, typically described as an annual rate of the loan's remaining balance.

Payment

The transfer of money, goods, or services in exchange for a product, service, or to fulfill an obligation.

Annual Interest Rate

The percentage of a sum of money charged for its use per year.