Vesting Is the Amount of Time an Employee Must Work

question 24

True/False

Vesting is the amount of time an employee must work for an employer to be entitled to their employer's contributions to a pension.

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Definitions:

Demand Deposits

Bank accounts from which money can be withdrawn at any time without any notice to the bank.

Original Maturity

The original length of time until a financial instrument, such as a bond or loan, is due to be repaid in full.

Required Reserves

The minimum amount of reserves a bank needs to hold as mandated by central banks to ensure financial stability and liquidity.

Demand Deposits

Demand Deposits are bank account funds that can be withdrawn at any time without any advance notice to the bank.