If I Put Extra into a Savings Account So That

question 32

Multiple Choice

If I put extra into a savings account so that I can leave assets to my children to compensate them for their payments into the Social Security system,I am exhibiting which of the following effects?

• A)Retirement
• B)Bequest
• C)Wealth substitution
• D)Opportunity cost
• E)None of the above

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Definitions:

Cognitive Skills

Abilities related to the process of knowing, including aspects such as awareness, perception, reasoning, and judgment.

Robert Siegler

An American psychologist known for his work in children's cognitive development, particularly in the areas of mathematical understanding and strategy choice.

Recognition

The action or process of acknowledging or honoring someone's status, achievements, rights, or existence, often as a form of validation or respect.

Recall

The cognitive process of retrieving information or memories from one’s past, unaided by explicit cues.