Which of the Following Is a Retirement Savings Account That

question 72

Multiple Choice

Which of the following is a retirement savings account that you contribute money to and then use to purchase investments?

• A) Roth IRA.
• B) Tax exemption.
• C) Municipal bond.
• D) 529 savings plan.

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Definitions:

Market Basket

A market basket refers to a selected set of goods or services that are consistently used and monitored over a period of time for the purpose of tracking inflation in an economy via a cost comparison.

Inflation Rate

The rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling.

Market Basket

A selected set of goods and services used to track changes in prices and inflation over time, representing the typical consumption of a household.

CPI

A gauge of the weighted average cost of a selection of consumer goods and services, including transportation, healthcare, and food, known as the Consumer Price Index.