Examlex
Match the correct term with the description.
-Projective Tests
Pension Funds
Investment pools, typically of large size, established to manage and invest the retirement funds of employees, offering them income upon retirement.
Credit Unions
Member-owned financial cooperatives that provide the same services as banks but are typically nonprofit, aiming to serve their members rather than maximize profit.
Agency Problem
A conflict of interest inherent in any relationship where one party is expected to act in the best interest of another.
Moral Hazard
A condition in which a person can benefit, usually financially, by acting unethically or immorally, i.e., the person is tempted to be less than honest and ethical. An insurance term. A moral hazard exists when executive compensation is heavily based on the market price of the company’s stock.
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