The Difference Between Savings and Saving

question 346

Multiple Choice

The difference between savings and saving

• A) is called money illusion.
• B) is that savings occurs when consumption does not and saving is used to purchase consumption goods.
• C) is that savings is a stock concept and saving is a flow concept.
• D) is that savings is measured in real terms while saving is measured in nominal terms.

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Definitions:

Nobel Prize

Prestigious international awards given annually in several categories including Physics, Chemistry, Medicine, Literature, and Peace, recognizing significant achievements.

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