Which of the Following Is an Example of a College

question 23

Multiple Choice

Which of the following is an example of a college savings plan?

• A) Kiddie tax.
• B) 529 plan.
• C) UTMA.
• D) Custodial IRA.

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Definitions:

ITQs

Individual Transferable Quotas, a fishery management tool that allocates a certain amount of a fish stock or species to individuals or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean that is known for its bright red flesh and is a popular choice for seafood lovers.

Market Price

The current value at which a good or service can be bought or sold in a marketplace.

User Costs

The costs incurred by using an asset or resource, including depreciation, maintenance, and opportunity cost of capital.