The life-cycle hypothesis applies the concept of ________ to retirement

If a bank does not have enough reserves, it can:

A. Buy bonds on the open market. B. Raise the interest rate it charges borrowers. C. Borrow reserves from the discount window. D. Make more loans.

Money or goods that parents leave to their children in their wills are referred to as:

A) bequests. B) interest. C) charity. D) social responsibility.