Which of the following terms refers to income that is saved and not invested ?
Correct answer: C. Hoarding
- A. Capital
- B. Deposit
- C. Hoarding
- D. Profit
Explanation
Hoarding refers to holding income as idle money rather than spending or investing it. Capital and profit are not names for income that remains uninvested.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
Development means economics growth plus ?
When aggregate supply exceeds aggregate demand ?
Government policy about exports and imports is called ?
What term is given to unemployment caused by a downturn in the business cycle ?
The branch banking system is in vogue in most countries of the world. In which country was it first developed?
Open market Operation is ?