Ted and Alice want to make sure that their children will inherit lots of money when they die, so that their children do not have to struggle the way that they themselves did. Saving more in response to this is a ______ reason for saving.
A) life-cycle
B) bequest
C) private
D) precautionary

Question

Quizplus · Accepted Answer

The desire to leave an inheritance for their children is a bequest motive for saving, which refers to the desire to leave something behind for one's heirs after death.

Ted and Alice Want to Make Sure That Their Children