Why Have Many Americans' Retirement Accounts Regained Much of Their

question 101

Multiple Choice

Why have many Americans' retirement accounts regained much of their lost value since the 2007-2009 stock market crash?

• A) They were able to buy more stocks for a cheaper value when the market price was low.
• B) They sold off most of their portfolios when the market bottomed out.
• C) They sold off most of their portfolios before the market bottomed out.
• D) They switched their portfolio mix from stocks to bonds.

---

Definitions:

Restitution

The act of compensating for loss, damage, or injury caused; often involves the return of property to its rightful owner.

Rescind

To nullify, terminate, or abrogate a law, order, or agreement.

Contract Rescinded

The act of legally declaring a contract null and void, as if it never existed, typically due to fraud, mistake, or another reason making the contract not viable.

Covenant Not to Compete

A formal agreement where one party commits to refraining from engaging in or initiating a comparable business or occupation in rivalry with another party.