O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2019 · Q101 Mark

What is the most important factor that affects how much a family saves?

Athe income of the family

Bthe level of taxation

Cthe rate of inflation

Dthe reliability of banks

✓ Correct answer

A: the income of the family

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2019 Paper 1 Variant 1, question 10.

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