Which among the following is the other term used for 'saving function'?

Income function

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Propensity to save

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Reverse consumption propensity

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None of the above

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Solution

The correct option is A Propensity to save
Savings function refers to the standard equation of savings which defines the relationship between savings and income where savings value can be derived at each level with the use of income value.
S= s + Y(1-b) where s=autonomous savings, (1-b)= marginal propensity to save, and Y= income.
It defines the propensity to save in the economy at every level of income.

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