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

Question

Quizplus · Accepted Answer

By putting extra money into a savings account to leave assets to children, the individual is exhibiting the bequest effect - the desire to leave an inheritance or compensate heirs for their own contributions into the Social Security system. This is not related to retirement, wealth substitution, or opportunity cost.

If I Put Extra into a Savings Account So That