Multiple Choice
Which of the following is true regarding the effect expected future income has on saving?
I. As expected future income increases, saving increases.
II. Young people typically save very little.
III. Middle aged people, earning higher incomes, are not very big savers.
A) II and III
B) I and III
C) III only
D) II only
Correct Answer:
Verified
Correct Answer:
Verified
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