Ted and Alice Want to Make Sure That Their Children

question 134

Multiple Choice

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

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Definitions:

Power Balance

The distribution of influence or control among parties in a relationship or situation, affecting dynamics and outcomes.

Social Institutions

Structured systems and frameworks within society that govern the behavior and expectations of individuals.

Polarized Conflict

A situation where opposing parties have drastically different views or stances, leading to extreme division.

Channels of Communication

The mediums through which information is transmitted from one party to another.