Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Answer: See explanation
Explanation:
Savings is the income that's not spent by an economic agent. Savings relates to banking.
Investment is when capital goods are bought in order to produce further goods.
Based on the definition above, then the following are classified below:
a. Edison purchases a certificate of deposit at his bank = Savings
b. Maria purchases stock in NanoSpeck, a biotech firm. = Savings
This is savings as it wasn't a capital good that was bought.
c. Hilary purchases new ovens for her cupcake-baking business. = Investment
This is an investment as she purchases a capital good what will be used for her business.
d. Kevin takes out a loan and uses it to build a new cabin in Montana = Investment
This is an investment as the money isn't saved but rather invested for productive use.
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
