Which of the Following Refers to a Specific Type of Account

question 103

Multiple Choice

Which of the following refers to a specific type of account set up by states that allows individuals to set money aside for a designated beneficiary's higher education expenses?

• A) Kiddie tax.
• B) College savings plans.
• C) UTMA.
• D) Custodial IRA.

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Definitions:

Thich Quang Duc

A Vietnamese Mahayana Buddhist monk who self-immolated in 1963 in protest against the persecution of Buddhists by the South Vietnamese government.

John F. Kennedy

The 35th President of the United States, known for his Cold War diplomacy and inspiring New Frontier speeches.

Ngo Dinh Diem

Was the first President of South Vietnam, serving from 1955 until his assassination in 1963.

Coup

A sudden and decisive action in politics, especially one resulting in a change of government illegally or by force.