Bequest Saving Is Saving

question 7

Multiple Choice

Bequest 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.

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Definitions:

Principles of Justice

Fundamental ethical guidelines that emphasize fairness, equity, and impartiality in the distribution of benefits and burdens within society.

Original Position

A theoretical situation in John Rawls' theory of justice where individuals select principles of justice behind a veil of ignorance, unaware of their personal characteristics.

Rawls

John Rawls, a prominent American philosopher known for his work in political philosophy, particularly the theory of justice as fairness.

Minkoff and Paltrow

Referring to individuals or authors who may have contributed to literature or research, but without specific context, it's challenging to provide a detailed definition.