Economics · Personal Finance and Economics

In financial terms, what does 'savings' represent?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A responsibility for economy
2Cost of current necessity
3The excess of income over consumption expenditure✓
4Directly proportional spending

Correct answer

The excess of income over consumption expenditure

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In financial terms, what does 'savings' represent?

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