What Is the Effect of Higher Pension Rates on the Economy

question 82

Multiple Choice

What is the effect of higher pension rates on the economy?

• A)Higher pension rates increase pensioners' disposable income and lead to greater retail spending.
• B)Higher pension rates reduce pensioners' disposable income and reduce retail spending.
• C)Higher pension rates reduce pensioners' consumer awareness and stimulate spending.
• D)Higher pension rates increase pensioners' consumer awareness and reduce trade.

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Definitions:

Holding Cash

The practice of keeping a portion of assets in liquid cash form as a safeguard against uncertainty or to meet short-term obligations.

Total Float

The total amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project's final deadline.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer from the drawer's account.