Which of the Following Allows an Individual to Receive a Fixed

question 56

Multiple Choice

Which of the following allows an individual to receive a fixed amount of income over a certain period of time, or over his or her life?

• A) Fixed annuity
• B) Term insurance
• C) Whole insurance
• D) Variable annuity
• E) 401(k)

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Definitions:

Washington And Jefferson

Two Founding Fathers of the United States, George Washington, the country's first president, and Thomas Jefferson, the third president and the principal author of the Declaration of Independence.

Westward Movement

The 19th-century migration of settlers into the American West, driven by the desire for land and new opportunities, greatly influencing the expansion of the US.

Marshall Supreme Court

The United States Supreme Court led by Chief Justice John Marshall from 1801 to 1835, known for landmark decisions that established the foundations of American constitutional law.

Constitution

A set of fundamental principles or established precedents according to which a state or other organization is governed.