Which Type of Pension Trust Service Includes Tax-Deferred Funds That

question 108

Multiple Choice

Which type of pension trust service includes tax-deferred funds that wage earners and their spouses can use to supplement their retirement funds?

• A) Trust services
• B) Securities investment deals
• C) Pension funds
• D) Individual retirement accounts (IRAs)
• E) Savings

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Definitions:

Electronic Fund Transfer Act

A US federal law designed to protect consumers engaging in electronic transfers, including ATM transactions, direct deposits, and other electronic payments.

Commercial

Related to the buying and selling of goods and services or to business activities in general.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale.

Lost Check

A check that has been misplaced, destroyed, or otherwise lost, potentially leading to the issuance of a stop payment order and requiring a replacement.