Kay Plans to Retire in Two Years and Wishes to Liquidate

question 60

Multiple Choice

Kay plans to retire in two years and wishes to liquidate her account at that time. Kay has a ________ constraint.

• A)resource
• B)horizon
• C)liquidity
• D)tax
• E)special circumstances

---

Definitions:

Genetic Disorders

Diseases or conditions that are caused by abnormalities in an individual's DNA, which can be inherited from parents or occur due to mutations.

Amniocentesis

A medical procedure used in prenatal diagnosis where a small amount of amniotic fluid is sampled to test for chromosomal abnormalities and fetal infections.

Chorionic Villus

Tiny, finger-like projections found on the chorion, which contribute to the formation of the placenta and facilitate nutrient and oxygen exchange between mother and fetus.

Multiple Births

The occurrence of giving birth to more than one infant during the same pregnancy, such as twins, triplets, or higher order multiples.