Bequest Saving Is Saving

question 88

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.
• C) for the purpose of leaving an inheritance.
• D) to smooth income over one's lifetime.
• E) done in anticipation of sales or bargain in the futurE.

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Definitions:

Net Worth

The total value of all assets owned by an individual or entity minus any liabilities or debts, representing the owner's equity in those assets.

Insider Trading

The illegal or legal trading of a public company's stock or other securities by individuals with access to nonpublic information about the company.

Public Announcement

A statement or declaration made to the general public, often by a company or government entity, regarding important information.

Merger

The combination of two or more companies into a single entity, typically involving the absorption of one by the other.