Why Households Save Q1 Complete the sentences using the words in the box. Each word is used once. interest
DIRT borrowing income
1. Saving means not spending all of your _______________. 2. Money saved in a financial institution earns _______________ as a reward. 3. _______________ is the tax charged on interest earned from savings. 4. _______________ allows a household to buy something now and pay for it over time.
Q2 Anna has started her first job and decides to start saving. Outline three reasons for saving.