The Decline in the U

question 89

Multiple Choice

The decline in the U.S. personal savings rate between 1980 and 2005 can be explained by:

• A) large gains in the housing and stock markets.
• B) increased company pension funds.
• C) extremely low bank saving interest rates.
• D) rising discount factors.
• E) the aging of the U.S. population.

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Definitions:

Self-Contained

Referring to a system or entity that has all necessary components within itself to function independently.

Cash Management System

A framework used by companies and individuals to manage, monitor, and control their cash flow and liquidity efficiently.

Disbursement Float

The time delay between when a check is written and the funds are actually deducted from the payer's account.

Collections Float

The time gap between when a check is deposited in a bank and when the funds become available, affecting the cash flow of the business.