Recent Data on Consumer Expenditures Indicate That the Savings Rate

question 138

Multiple Choice

Recent data on consumer expenditures indicate that the savings rate of U.S.consumers has __________.

• A) declined 6 percent; they are taking money from savings to pay current expenses on necessities
• B) remained flat at 0 percent
• C) risen slightly at 2 percent
• D) risen to 6 percent
• E) exploded to 10 percent

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Definitions:

Valid

Legally binding and enforceable, meeting all necessary legal formalities and requirements.

Extends

Refers to something that increases in length, duration, or scope.

Stop-Payment Orders

A request made by an account holder to a bank to not pay out on a check or payment that has been issued on their account.

Validity

The state of being legally sound, effective, or binding; the quality of being logically true or sound.