Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Outline 2 reasons why consumers may decide to save rather than spend their income.

Outline 2 reasons why consumers may decide to save rather than spend their income.

Answers


Lydia
? Attractive interest rate on savings
? Expectation of future price decreases
? For a particular future purchase/to save for larger more
expensive items (which they can’t afford from weekly
income)
? For a rainy day
? For retirement
lydiajane74 answered the question on May 14, 2018 at 14:46

Answer Attachments

Exams With Marking Schemes

Related Questions