A Financial Institution That Provides for the Accumulation or Administration

question 24

Multiple Choice

A financial institution that provides for the accumulation or administration of the funds that will be used to pay pension benefits is called a

• A)trust fund.
• B)mutual fund.
• C)funding instrument.
• D)funding agency.

---

Definitions:

Price

The amount of money needed to buy a particular good, service, or resource.

Opportunity Cost

The cost of forgone alternatives; the value of the next best choice that one gives up when making a decision.

Keg

A keg is a small barrel traditionally used for transporting and storing large quantities of liquid, especially beer.

Pizzas

A popular dish made from flattened dough topped with tomato sauce, cheese, and various other ingredients, baked at a high temperature.