Saving for Protection Against Unexpected Setbacks,such as the Loss of a Job

question 1

Multiple Choice

Saving for protection against unexpected setbacks,such as the loss of a job or a medical emergency,is called ________ saving.

• A) public
• B) national
• C) precautionary
• D) life-cycle
• E) bequest

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Definitions:

Best Solution

The most effective and efficient answer or method to solve a problem or address a situation.

Observations

The action or process of closely monitoring or noticing something or someone, often to gather data or information.

Prereflective

Refers to a cognitive state or process that occurs without conscious awareness or reflection.

Quasi-reflective

A stage of cognitive development where individuals recognize that knowledge may not always be certain but still rely heavily on their own opinions and experiences.