Which of the Following Is True of the Employee Retirement

question 16

Multiple Choice

Which of the following is true of the Employee Retirement Income Security Act (ERISA) ?

• A)it requires employers to provide pensions for most of their employees
• B)it is superseded by state laws that relate to employee benefit plans
• C)it does not apply to benefit plans administered by public employers
• D)it requires that once a plan is in place, it can not be changed or modified without the employees consent

---

Definitions:

Exchange Rate

The price of one currency expressed in terms of another.

Net Capital

The difference between a firm's total assets and its total liabilities, essentially representing the owner's equity.

Net Capital Outflows

The difference between a nation's outflow of capital to foreign countries and its incoming capital from abroad, showing how much a country's residents are investing in foreign assets compared to how much foreigners are investing in the domestic country.

Deficit Change

The amount by which a government, company, or individual's spending exceeds income over a particular period of time.