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What were the reasons for the drop in savings in financial instruments after 2009?

1. Only (a) and (c)
2. Decrease in real interest rates on savings in financial instruments
3. Investment in physical assets, particularly land
4. Only (b) and (c)

Correct answer: Only (b) and (c)

Solution

The drop in savings in financial instruments is explained by lower real returns and a movement of funds into physical assets such as land. A rise in gold prices may affect investment preferences, but the stated reasons here are the decrease in real interest rates and investment in physical assets.

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