The CPP Combines Which Two Types of Pension Plans

question 9

Multiple Choice

The CPP combines which two types of pension plans?

• A) an RRSP and an RISP
• B) social assistance and social security
• C) an income maintenance plan and an income supplement plan
• D) a savings plan and a transfer plan

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Definitions:

Grants

These are non-repayable funds or products disbursed or given by one party, often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.

Unemployment Compensation

Unemployment Compensation is financial assistance given to individuals who have lost their jobs involuntarily, providing them with temporary financial support.

Aversion

A strong dislike or disinclination towards something.

SML

Stands for Security Market Line, which represents the expected return of investments as a function of their risk, as measured by beta.