Multiple Choice
Ted and Rose are saving more today because they want to make sure that their children will inherit a large sum of money when they die.This is an example of the ________ motive for saving.
A) life-cycle
B) public
C) private
D) precautionary
E) bequest
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q64: The table provides data about government revenue
Q65: Holding all other factors constant,a decline in
Q66: Personal saving is equal to<br>A) the sum
Q67: If Canada has a current account surplus
Q68: Jay owns a classic car he purchased
Q70: National saving as a flow corresponds to
Q71: Holding all other factors constant,a higher relative
Q72: A purchase of a domestic asset by
Q73: In 2007,national saving in Canada exceeded total
Q74: If the real interest rate on savings