Which statement is true?A) We had a higher rate of saving in the 1990s than in the 1980sB) In 2005,our savings rate actually turned negativeC) Interest on home equity loans is not deductible on federal income tax returnsD) None is true

Question

Olivia Garza · Accepted Answer

Final Answer : B, Explanation :  The statement In 2005, our savings rate actually turned negative is true. The U.S. savings rate dipped below zero in 2005, meaning that Americans were spending more than they were earning. A and C are false statements, and D is not a valid answer.

Which statement is true?

A) We had a higher rate of saving in the 1990s than in the 1980s
B) In 2005,our savings rate actually turned negative
C) Interest on home equity loans is not deductible on federal income tax returns
D) None is true

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