For the Following Questions Refer to Figure 15

Multiple Choice

For the following questions refer to Figure 15.3 below.
-Consider Figure 15.3.A possible cause for the fall in the saving rate between 1980 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.