Which of the Following Is a Feature of an Education

question 135

Multiple Choice

Which of the following is a feature of an Education IRA?

• A)Can be used for elementary and secondary school costs
• B)Renamed the Coverdell Education Savings Account
• C)Annual contribution limit of $2,000 for each child
• D)Non-deductible contributions
• E)All of these are features of an Education IRA.

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Definitions:

Curve Shift

A movement of a demand or supply curve to the left or right, indicating a change in some economic factor other than price.

Exchange Rate

The price of one currency in terms of another, determining how much of one currency can be exchanged for another.

Net Exports

The value of a country's total exports minus its total imports; it represents the net amount of goods and services exported to other countries.

Net Capital Outflow

The differential between citizens buying foreign assets and non-citizens purchasing assets within the country.