. What is stock? What is a bond? How are they different? How are they similar? 2
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Question
. What is stock? What is a bond? How are they different? How are they similar? 2. Define private saving, public saving, national saving, and investment. How are they related 3. If more Canadians adopted a "live for today" approach to life, how would this affect saving 4. What is the role of the financial system? Name and describe two markets that are part of the investment, and the interest rate? financial system in our economy, Name and describe two financial intermediaries. What is national saving? What is private saving? What is public saving? How are these three 5. variables related?Explanation / Answer
2. Private saving is the saving of people which is left after paying for consumption expenditure, taxes and receiving transfer payments.
Public saving is the saving of government which occurs due to excess of tax revenue over government spending and transfer payments.
National saving is the sum of private saving and public saving.
An investment is the purchase of goods that are not consumed today but used in the future to create wealth. It increases future wealth of the firm.
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