What Piece of Legislation, One of the Most Complex Areas

question 1

Multiple Choice

What piece of legislation, one of the most complex areas of federal civil law, was established in 1974 mainly to protect the employee pension system from employer fraud?

• A) American Recovery and Reinvestment Act
• B) Medicare Improvements for Patients and Providers Act
• C) Tax Relief and Health Care Act
• D) Employee Retirement Income Security Act

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Definitions:

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income.

Financial Account

Part of the balance of payments, it records transactions that involve the exchange of international ownership of assets.

Balance Surplus

A situation in which income or receipts exceed expenditures or outlays, often referring to a country's trade or fiscal balance.

Balance Deficit

A situation in financial accounts, particularly in national accounts, where total outflows exceed total inflows.