Which One of the Following Is Not a Private Source

question 167

Multiple Choice

Which one of the following is not a private source of retirement income?

• A)Traditional IRAs
• B)Social Security
• C)Defined contribution plans
• D)Defined benefit plans
• E)Spousal IRAs

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Definitions:

Framing

The way information is presented so as to emphasize either a potential gain or a potential loss as the outcome.

Representativeness Heuristic

is a cognitive shortcut where the likelihood of an object belonging to a category is assessed based on its similarity to a typical case from that category.

Heuristics

Mental shortcuts or rules of thumb that ease the cognitive load of making a decision, often leading to approximation or educated guesses.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks.