ERISA Was Passed to Reduce the Number of Private Employer

question 162

True/False

ERISA was passed to reduce the number of private employer retirement plans.

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Definitions:

Microfinance

Financial services provided to individuals or small businesses in underserved markets or developing countries, often including small loans.

Imperfect Information

The absence of full knowledge concerning product characteristics, available prices, and so on.

Peer Lending

A financial transaction in which individuals lend money to each other directly, often facilitated by an online platform, bypassing traditional financial intermediaries.

Savings Deposits

Accounts in financial institutions that allow individuals to deposit money and earn interest over time.