Refer to the Following Figure When Answering the Following Questions

question 6

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.4: Personal Saving Rate: 1990-2010
-Consider Figure 16.4. A possible cause for the fall in the saving rate between 1990 and 2005 is:

• A) precautionary saving.
• B) consumption smoothing.
• C) the changing composition of households' savings portfolios.
• D) increasing competition among commercial banks.
• E) less access to credit markets.

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