Which of the Following Statements Is (Are) True with Regard

question 28

Multiple Choice

Which of the following statements is (are) true with regard to the adequacy of IRA funds during retirement?
I.To assure lifetime income, the IRA funds can be used to purchase a life annuity.
II.The duration of IRA benefit payments depends on the rate of return earned on the invested assets after retirement and the withdrawal rate.

• A) I only
• B) II only
• C) both I and II
• D) Neither I nor II

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources.

Federal Reserve

The primary banking authority in the United States, tasked with overseeing monetary policy, regulating banks, and providing financial services.

Central Bank

A national financial institution that provides financial and banking services for its country’s government and commercial banking system, and implements the government’s monetary policy.

Regulating Banks

The process of establishing and enforcing rules and standards that govern the banking industry to ensure stability and protect consumers.