Which of the Following Is Not a Non-Pension Saving

question 2

Multiple Choice

Which of the following is not a non-pension saving.

• A)Registered Retirement Savings Plan
• B)Deferred Profit Sharing Plan
• C)Tax-Free Savings Accounts
• D)Reverse mortgage
• E)Guaranteed Income Supplement

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Definitions:

Annual Interest Accrual

The amount of interest that accumulates on a financial obligation over the course of a year.

Bonds Issuance

The process of offering bonds to investors as a means of raising capital for the issuer.

Face Amount

The nominal or dollar value stated on a financial instrument or security, such as the original amount on a bond or insurance policy.

Bond Redemption

The process of repaying the principal amount of a bond at its maturity date.