A Common Example of a Private-Purpose Trust Fund Is a State-Sponsored

question 67

True/False

A common example of a private-purpose trust fund is a state-sponsored 529 savings plan, structured such that parents make after-tax contributions to an investment fund managed by the state government.

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Definitions:

Suffix

A letter or group of letters added at the end of a word to alter its meaning or form a new word.

Mature

Describes individuals or organisms that have reached a fully developed or advanced stage of growth or development.

Suffix

A letter or group of letters added at the end of a word to form a derivative or to alter its grammatical function.

Floss

A thin filament used to clean between the teeth and gums for dental hygiene.