O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2023 · Q191 Mark

What would be most likely to encourage saving?

Arise in the exchange rate

Brise in the goods and services tax rate

Crise in the income tax rate

Drise in the interest rate

✓ Correct answer

D: rise in the interest rate

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 1, question 19.

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