Which of the Following Refers to a Title That Is

question 14

Multiple Choice

Which of the following refers to a title that is used on bank accounts to transfer cash and assets to someone else?

• A) Joint tenants with right of survivorship.
• B) Payable upon death.
• C) Transfer on death.
• D) All of these answer choices are correct.

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Definitions:

Annuity

An investment vehicle providing a constant flow of payments to the owner, usually utilised as a source of income for retired people.

Net Cash Flow

The variance between the cash coming into and going out of a business within a set timeframe.

Compound Interest

The calculation of interest on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return, reflecting the time value of money.