Which of the Following Statements Is False

question 294

Multiple Choice

Which of the following statements is false?

• A)In recent years,China has had a rate of savings of 35 to 40 percent.
• B)In the last two decades,the U.S.savings rate has not exceeded 11 percent.
• C)There was a significant increase in the U.S.savings rate in the mid-1990s.
• D)A high rate of consumption for a country implies a low savings rate.

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Definitions:

Individual Capacity

Acting on one’s own behalf, involving personal rights or responsibilities, rather than on behalf of a group or a corporate entity.

Liability

The state of being legally responsible for something, typically a debt or obligation.

Note

A financial instrument recognizing a debt or obligation, typically with the promise to repay the principal along with potential interest.

Revised Article 3

An update to a section of the Uniform Commercial Code that deals with negotiable instruments, including changes to laws governing checks and promissory notes.