Which of the Following Is Not Listed as a Determinant

question 76

Multiple Choice

Which of the following is not listed as a determinant of how much a person will save (savings rate) ?

• A) the individual's own sense of optimism about his or her personal circumstances
• B) the relationship between the lending prime rate and growth rates
• C) world events such as wars
• D) national events such as the election of a prime minister

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Definitions:

Saponification

A chemical reaction involving the hydrolysis of fats or oils by an alkali to produce glycerol and soap.

Ester Hydrolysis

A chemical reaction in which an ester is converted into its constituent alcohol and acid by the action of water or a hydroxide ion.

Major Product

The main product formed in a chemical reaction, which is generated in greater amounts compared to any other product.

Major Product

The chemical species that is formed in the largest amount from a chemical reaction, indicating the most favorable pathway under the given reaction conditions.