Chandriga Suppiah Has Opened a Roth IRA with North Carolina

question 12

Multiple Choice

Chandriga Suppiah has opened a Roth IRA with North Carolina State Bank and plans on making regular contributions to this account until she retires.Which of the financial services is Chandriga taking advantage of?

• A)Getting a consumer loan
• B)Getting financial advice
• C)Managing cash
• D)Getting venture capital services
• E)Buying a retirement plan

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide.

Shallow Integration

A term in international trade referring to the reduction of tariffs and quotas, while deeper integration involves more extensive agreements that address beyond-the-border barriers.

Deep Integration

involves extensive coordination and harmonization of economic, social, and political policies between countries or organizations to achieve closer union.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among nations.