Two Types of Individual Retirement Accounts Are

question 74

Multiple Choice

Two types of individual retirement accounts are:

• A)money purchase IRA and profit-sharing IRA.
• B)SEP and money purchase.
• C)profit-sharing and SIMPLE IRA.
• D)SEP IRA and SIMPLE IRA.
• E)defined benefit and defined contribution.

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Definitions:

Investment-Quality

A designation given to securities or investments considered to offer lower risk and stable returns.

Bond Ratings

A system used to evaluate the credit quality and risk level of a bond by assigning grades such as AAA, AA, etc.

Standard & Poor's

A US financial services company known for its stock market indices like the S&P 500, as well as providing credit ratings for borrowers.

Nominal Return

The rate of return on an investment without adjusting for inflation.