economics : saving and borrowing

a financial intermediary is an institution that

helps bridge the gap between savers and borrowers.

the market for loanable funds is compromised of

the supply of saving and the demand for borrowing

Which of the following correctly summarizes the three main stages of the lifecycle theory of savings?

Borrowing then saving then dissaving

Which of the following describes a typical pattern of income over a person's lifetime?

Income is low when a person is young, rises throughout their working life, and then falls dramatically at retirement.

Howard Schultz is used in the video as an example of which of the following?

An entrepreneur who used different types of financial intermediaries to raise capital

How much you save and borrow depends on how patient you are or, using the language of economics, it depends on your:

leads to higher rates of savings.

in a world without saving or borrowing

income and consumption would have to be equal

People borrow, save, and dissave according to the lifecycle theory of savings in order to:

smooth their consumption.

what is the price of saving and borrowing?

interest rate

An employer automatically enrolling employees in a retirement plan is an example of a nudge that:

leads to higher rates of savings.