Which of the following is an example of the bequest motive for saving?
A)Pat puts $400 per month in his 401(k)retirement account.
B)Jordan sets aside $200 per month in case she has to pay for a new roof for her house.
C)Gerry and Terry put $2,000,000 in a trust fund that will go to their children when they die.
D)Chris keeps $15,000 in a money market account to pay expenses in case he loses his job.

Question

Quizplus · Accepted Answer

The bequest motive gives savers a person or organization, like a college, church or charity, to receive a gift upon the death of the saver.

Which of the Following Is an Example of the Bequest