Which of the Following Institutions Is Important for Channeling Savings

question 269

Multiple Choice

Which of the following institutions is important for channeling savings into investment?

• A)schools
• B)religious institutions
• C)banks
• D)the federal government

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Definitions:

Variable Cost

Costs that vary directly with the level of production or sales, such as materials and labor.

Sales Price

The amount of money a buyer pays to purchase a good or service from a seller.

Economic Order Quantity

The ideal order size that minimizes the total costs associated with ordering and holding inventory.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, taxes, and opportunity costs.