Which of the Following Is FALSE About Saving

question 29

Multiple Choice

Which of the following is FALSE about saving?

• A) Saving adds to wealth.
• B) Income left after paying taxes can either be consumed or saved.
• C) Saving equals wealth minus consumption expenditures.
• D) Saving is the source of funds used to finance investment.

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Definitions:

Historic Trauma

Psychological distress passed down through generations, resulting from catastrophic events experienced by ancestral groups.

Intergenerationally

Spanning or occurring between generations, often referring to the transmission of values, traditions, or skills.

Racial Microaggressions

Unconsciously delivered snubs, dismissive looks, gestures, and tones directed toward people of color that are pervasive and automatic in daily conversations and interactions as well as cumulative and detrimental to the emotional well-being of the individual. They appear in the form of microassaults, microinsults, and microinvalidation.

Insidious Trauma

Trauma that develops slowly over time, often unrecognized by the individual, resulting from prolonged exposure to adverse conditions.