Which of the Following Cost Saving Activities Is Referred to as Ex

question 9

Multiple Choice

Which of the following cost saving activities is referred to as ex post responses to fluctuations?

• A) Households spend less than earnings in an effort to "Save up"
• B) Keep extra money in a mud bank
• C) Take out a loan,promising to repay it with interest out of future income
• D) Purchase a formal insurance

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Definitions:

Marriage Squeeze

A demographic imbalance in which the number of potential brides does not approximately equal the number of potential grooms within a certain population.

Middle Years

The period of life typically between early adulthood and old age, often considered to be from about age 45 to 65, characterized by stability and reflection on life achievements.

Older Men

Adult males who are significantly advanced in age, often characterized by experience, maturity, and changes in physical and cognitive abilities.

Educational Attainment

The highest level of education an individual has completed, such as high school, undergraduate, or graduate degrees.