Fred and Wilma just had a baby girl and want to make sure they save enough in the future to send her to college. They begin to save in response to this ________ reason for saving.
A) life-cycle
B) bequest
C) private
D) precautionary
Correct Answer:
Verified
Q41: Precautionary saving is saving:
A)to meet long-term objectives,
Q42: Which of the following is an example
Q43: Saving done for the purpose of leaving
Q44: Bob has heard rumors that his employer
Q45: The impact of declining stock prices in
Q47: Bequest saving is saving:
A)to meet long-term objectives,
Q48: Life-cycle saving is saving:
A)to meet long-term objectives,
Q49: The three broad reasons for saving, as
Q50: Ted and Alice want to make sure
Q51: Steve takes $500 from his paycheck and
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