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Why saving- borrowing pattern to differ by occupation?

Anonymous

∙ 13y ago

Updated: 12/13/2022

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Continue Learning about Economics

What is the money rate?

There is no single "money rate". There are rates of exchange between the currencies of most countries. These are dynamic rates and change continuously. You can find reasonably up-to-date rates from various currency exchange rate websites.Then there are interest rates for borrowing and lending. Interest rates for borrowing will depend on what you are borrowing for, how long you are borrowing for and your credit-worthiness. The rate of interest that you might get for saving depends on the amount and the period.All these rates depend on the state of the economy and the expected development in the economy over the period in question.

How does the relationship between interest rates and savings impact personal financial planning?

The relationship between interest rates and savings impacts personal financial planning by influencing the return on savings and the cost of borrowing. Higher interest rates can lead to higher returns on savings but also higher borrowing costs, while lower interest rates can reduce savings returns but make borrowing cheaper. This can affect decisions on saving, investing, and borrowing, ultimately shaping overall financial strategies.

What is the purpose of interest and how does it impact financial transactions?

The purpose of interest is to compensate lenders for the use of their money and to incentivize saving. Interest impacts financial transactions by influencing borrowing costs, investment decisions, and overall economic activity.

What is gross domestic saving?

GDS = corporate saving + Government saving + Household saving

How do you calculate the value of household saving?

formula household saving

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Related Questions

What is a saving borrowing relationship?

It is a relationship where you save, but also borrow.

Why you would expect saving-borrowing pattern to differ by occupation?

Different occupations may have varying income levels, job stability, and access to benefits such as retirement plans. These factors can influence individuals' propensity to save and borrow money. For example, those in more stable, higher-paying occupations may save more easily, while those in lower-paying or more volatile occupations may need to borrow more frequently.

What is the powerpuff girls occupation?

Saving Townsville from destruction. Or going to preschool. They have no real occupation where they actually get paid.

What are the principles of online checking?

The principles of online checking are borrowing and and saving at a bank institution. This is done at your bank branch with your account that you have there.

What are saving bonds?

saving bonds : bonds issued by the federal government as a way of borrowing money; they are purchased at half the face value and increased every 6 months until full face value is reached

How does saving affect borrowing and investing?

Generally human tendency is always thinking about future as the future is uncertain. In economics when income increases consumption also increases but less than proportionately. This is because everyone wants to save some portion of their income for their future. The reason for India for not so affected when Global recession was so much impact on the western countries, is saving tendency of the Indians. However, if the saving is high in the economy due to uncertainity, the volume of circulation of the money in the economy will become less and it will lead to lesser borrowing and investing attitude of the people. However, for any healthy economy there must be dynamic borrowing and investing with considerable amount of saving.

What is the money rate?

There is no single "money rate". There are rates of exchange between the currencies of most countries. These are dynamic rates and change continuously. You can find reasonably up-to-date rates from various currency exchange rate websites.Then there are interest rates for borrowing and lending. Interest rates for borrowing will depend on what you are borrowing for, how long you are borrowing for and your credit-worthiness. The rate of interest that you might get for saving depends on the amount and the period.All these rates depend on the state of the economy and the expected development in the economy over the period in question.

How does the relationship between interest rates and savings impact personal financial planning?

The relationship between interest rates and savings impacts personal financial planning by influencing the return on savings and the cost of borrowing. Higher interest rates can lead to higher returns on savings but also higher borrowing costs, while lower interest rates can reduce savings returns but make borrowing cheaper. This can affect decisions on saving, investing, and borrowing, ultimately shaping overall financial strategies.

What are the services offered by the Cooperative Bank in the UK?

The Cooperative Bank in the UK offers money advice service to help you when budgeting, borrowing money, taking out a mortgage or opening a saving account.

What was dolly masidon's occupation?

Women of her time had no occupation and weren't allowed to attend school. She was the wife of a president and that was her job. She is credited with saving the Washington painting from the fire in the White House and planting parts of the White House gardens.

How does president Lincolns second inaugural address differ from his Gettysburg address?

in the Gettysburg Address, saving the union is the purpose of the war

How can I get cash for car repairs?

You can get cash for car repairs by saving money from your income, selling items you no longer need, borrowing from friends or family, or taking out a personal loan from a bank or credit union.

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