Economics GCSE
Saving
What Saving means in Economics GCSE, as defined for AQA.
Definitions of Saving
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
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Reference: AQA
Placing money in a financial institution, which becomes more attractive for retained profits when interest rates rise.
Keeping surplus cash or retained profits in banks, which becomes more rewarding when interest rates rise.
Topics that use Saving
Related terms
- Business investment
- Compound interest
- Cost of borrowing
- Financial institutions
- Financial risk
- Interest rates
- Opportunity cost
- Reward for saving
Using Saving in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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