Day: September 25, 2020

What may cause an individual to save a higher proportion of their income?

Select ONE answer:

1. a belief that the price of goods will rise in the future
2. a fall in the rate of interest paid by the country’s banks
3. a fear that income will fall in the future
4. a rise in the individual’s wish to enjoy higher consumption immediately

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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