The Amount of One's Retirement Account Value Depends Directly on the Success

question 92

Multiple Choice

The amount of one's retirement account value depends directly on the success of investments in the retirement fund if your retirement account is a ____ retirement plan.

• A)defined-benefit
• B)defined-contribution
• C)cash-balance
• D)vested

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Definitions:

Absolute Value

The distance of a number from zero on the number line, without regard to direction, represented as |x|.

Function

A correspondence between an array of inputs and a choice of outputs, with the rule that each input associates with just one output.

Speed

The rate at which an object moves, calculated as distance traveled per unit of time.

\(f ( x )\)

A symbolic representation of a function in terms of \(x\), where \(f\) denotes the function and \(x\) represents the variable.