Possible Sources of Income for Many Retirees Include

question 66

Multiple Choice

Possible sources of income for many retirees include:

• A) Social Security.
• B) other public pension plans.
• C) employer pension plans.
• D) personal retirement plans and annuities.
• E) All of these are possible sources of income for retirees.

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Definitions:

Revolving Line of Credit

A credit facility extended by a financial institution to a client that allows the borrower to draw, repay, and redraw loans advanced to them up to a specified maximum amount.

Annual Sales

Annual sales is the total amount of sales or revenue a company generates in a fiscal year.

Retailer

A retailer is a business or person that sells goods directly to consumers for personal or household consumption.

Short-Term Financing Policies

Strategies a company uses to manage its immediate or short-term financial needs and operational expenses.