radomes.openskiesproject.org
lov3eraenaFFum lov3eraenaFFum
  • 03-02-2017
  • Business
Answered

The most important determinant of consumption and saving is the

Alevel of income.
Bprice level.
Cinterest rate.
Dlevel of bank credit.

Verified Answer :

OfficialPyrocynical
OfficialPyrocynical OfficialPyrocynical
  • 03-02-2017

The answer is D.Level of bank credit.

Answer Link
samuelonum1
samuelonum1 samuelonum1
  • 02-06-2022

The most important determinant of consumption and saving is the level of income. hence option A correct.

What affects the buying power of consumers?

The main factor that affects the buying power of consumers is the level of income, if a person earns small they will only buy what they can afford.

Hence, the higher the level of income the higher the purchasing power.

Learn more about purchasing power here:

https://brainly.com/question/9857337

SPJ2

Answer Link

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