Question

Saving is:___________. 1. a sophisticated IOU that documents who owes how much and when payment must be made. 2. the desire to have goods and services sooner rather than later (all else being equal). 3. the purchase of new capital goods. 4. income that is not spent on consumption goods.

Answer 1

Answer: Option 4

Explanation:

Savings means a portion of the income which is not spent kept for creating value for money. The savings is the excess amount after meeting essential expenses. Savings is the amount that is used to create wealth.

By gradually saving the money one can investment them in any kind of assets to increase the value of the money. Savings is also useful to meet the future expenses. The income left out after meeting the expenditure is known as savings.