Asked by Tatum Sobota on May 03, 2024
Verified
When tax code changes reduce saving incentives, the interest rate will _____ and investment will _____.
Saving Incentives
Financial or regulatory measures designed to encourage individuals or businesses to save more money.
Interest Rate
This represents the percentage of the principal that lenders charge borrowers for the access to assets.
Investment
Allocation of resources, usually money, in the expectation of generating an income or profit.
- Comprehend the functions of incentives for saving and investing within economic policy.
Verified Answer
GR
Learning Objectives
- Comprehend the functions of incentives for saving and investing within economic policy.