Household Savings Rates

question 106

Multiple Choice

Household savings rates:

• A) were roughly 5% in the United States in 2016.
• B) were 10% in the United States in 2016.
• C) were fairly constant at about 5 %in the United States from 2000 to 2010.
• D) have been roughly 15 % in the United States for the last 30 years or so.

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Definitions:

Fixed Assets

Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, representing wear and tear, deterioration, or obsolescence.

Operating Cash Flow

Operating cash flow refers to the cash generated from the normal operating activities of a business within a specific time period.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted into cash in the upcoming year.