Another Name for a Coverdell Account Is A(n)

question 92

Multiple Choice

Another name for a Coverdell account is a(n)

• A) Education IRA.
• B) Regular IRA.
• C) Roth IRA.
• D) SEP plan.
• E) Spousal IRA.

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Definitions:

Breach of Contract

The failure to perform as stated or agreed upon in a contract.

Agency

A legal and business relationship in which one party, the agent, is authorized to act on behalf of another party, the principal, in transactions with third parties.

Principal

In finance, refers to the original sum of money borrowed in a loan, or put into an investment, not including the interest. In a second context, it can refer to the primary party involved in a transaction or the main individual in a business.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.