Asked by Brittany Orozco on Apr 28, 2024
Verified
Households are net users of funds,while businesses are net savers.
Net Savers
Individuals or entities that save more money than they spend, contributing to their financial assets over time.
Net Users
Individuals or entities that use the internet to access information, communicate, or conduct activities online.
- Clarify the transfer of financial resources through the economic system, underscoring the participation of households and corporations as savers or those incurring debt.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
False
Explanation :
Households are typically net savers, as they save a portion of their income, while businesses are net users of funds, as they often borrow money to invest in operations and expansion.
Learning Objectives
- Clarify the transfer of financial resources through the economic system, underscoring the participation of households and corporations as savers or those incurring debt.
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