Precautionary saving is saving:
A)to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
B)for protection against unexpected setbacks, such as the loss of a job or a medical emergency.
C)for the purpose of leaving an inheritance.
D)done in anticipation of sales or bargain in the future.

Question

Quizplus · Accepted Answer

Precautionary saving is saving for protection against unexpected setbacks-such as the loss of a job or a medical emergency.

Precautionary Saving Is Saving