Which of the Following Refers to a Plan That Defines

question 3

Multiple Choice

Which of the following refers to a plan that defines how much your employer will deposit into your retirement account?

• A) Pension plan.
• B) Defined contribution plan.
• C) Retirement plan.
• D) Investment plan.

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Definitions:

Health Care Costs

The expenses associated with medical services, treatments, medications, and hospital care provided to individuals.

Government

The organization, structure, and systems that govern a community, state, or nation, responsible for regulating and managing public affairs.

Private Insurers

Independent companies that provide individuals and entities coverage against financial losses in exchange for premium payments.

Expenditures

Refers to the total amount of money spent by households or businesses on goods and services.