Which Statement Is Correct About Retirement Planning of Young Professionals

question 67

Multiple Choice

Which statement is correct about retirement planning of young professionals?

• A)They don't want to retire with plenty of money.
• B)They would rather save money now for retirement than spend it.
• C)They are not worried about having enough money to retire comfortably.
• D)Young people are in the best position to save.
• E)Saving money does not come naturally to many young people.

Analyze the impact of biological maturation on development.

Understand how early experiences influence later development.

Recognize the role of cultural and historical contexts in shaping human development.

Identify methods for studying developmental changes.

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Definitions:

Branch of Government

A division of government with distinct responsibilities, such as executive, legislative, or judicial.

President and Congress

The executive and legislative branches of the United States government, respectively, with roles in making and enforcing laws.

Reserve Requirement

A regulation set by central banks that determines the minimum amount of reserves that must be held by a commercial bank.

Deposits

In banking, deposits refer to funds placed into an account which can be withdrawn by the account holder, often used for saving or transactional purposes.