The Save More Tomorrow (SMarT)program Found All of the Following

question 16

Multiple Choice

The Save More Tomorrow (SMarT) program found all of the following except that:

• A) people want to save more than they typically do.
• B) participants quadrupled their savings in just a couple of years.
• C) if the default choice is to save a portion of income, people will save more.
• D) people were already saving at an optimal amount, so the program had no effect.

---

Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.

Investment

The allocation of resources, typically money, into assets with the expectation of generating income or profit in the future.

Machinery

Equipment with moving parts used to perform any type of work, often found in industrial or agricultural settings.

Equipment

Tangible property used in the operation of a business but not consumed or sold during the business cycle.