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Pension Funds Whose Contributions Are Dictated by the Benefits That

question 9

Multiple Choice

Pension funds whose contributions are dictated by the benefits that will eventually be provided are called ____ plans.


Definitions:

Personal Costs

Expenses that individuals incur in their daily lives or for personal activities.

Economic Activity

The production, distribution, and consumption of goods and services in an economy.

Benefits

Advantages or monetary assistance received from employment, government, or insurance.

Economic Thinking

The process of evaluating decisions based on costs, benefits, and the impact on resource allocation.

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