Which of the Following Statements About Pension Funding Agencies and Funding

question 13

Multiple Choice

Which of the following statements about pension funding agencies and funding instruments is true?

• A)Under a trust-fund plan,individual annuities are purchased each year for employees participating in the plan.
• B)A separate investment account is a group pension account with a life insurance company.
• C)If the funding instrument is a commercial bank,the plan is called an insured plan.
• D)Under a guaranteed investment contract,the insurer guarantees the principal of a lump sum deposit but does not guarantee the interest rate.

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Definitions:

Blood-forming Tissues

Tissues responsible for the production of blood cells, primarily located in the bone marrow.

Cancer

A cluster of conditions marked by atypical growth of cells with the capability to extend or migrate to various body parts.

Fine Needle Aspiration

A diagnostic procedure used to investigate lumps or masses, where a thin needle is inserted into the area of concern to collect cells for examination.

Abbreviation

The process or result of shortening a word or phrase by omitting letters or using symbols.