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:

Capillary Growth

the process of increase in the size or number of capillaries, often seen in biological tissues during healing or development.

Equilibrium

A state in which opposing forces or influences are balanced so that no changes occur, or in a chemical context, when the rate of the forward reaction equals the rate of the backward reaction.

Energy of Activation

The minimum amount of energy that reacting species must possess in order to undergo a specified chemical reaction.

Equilibrium

A state in which the forward and reverse reactions occur at equal rates in a chemical reaction, resulting in no net change in the concentration of reactants and products.