c. Which of the following situations in c (i) & c (ii) represent investment? Saving? Explain (i) Your family takes out a mortgage and buys a new house. (ii) You use your paycheque to buy stock in Sagicor Financial Services.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Savings,investment And The Financial System
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c. Which of the following situations in c (i) & c (ii) represent investment? Saving? Explain
(i) Your family takes out a mortgage and buys a new house.
(ii) You use your paycheque to buy stock in Sagicor Financial Services.

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