​One Source of Data Used in ThisChapter Is the SCF

question 23

Multiple Choice

​One source of data used in thisChapter is the SCF.What does this acronym mean?

• A)​Consumer Financial Survey
• B)​Survey of Consumer Finances
• C)​Survey of Corporate Finances
• D)Social Census Facts

---

Definitions:

Roth IRA

A retirement savings account allowing for tax-free growth and tax-free withdrawals in retirement.

Annuity Payment

An annuity payment is a periodic payment received from an annuity contract, typically used as an income stream during retirement.

Annuity Contract

A financial product sold by insurance companies that provides regular payments to the holder for a fixed period or for life in exchange for an initial payment.

Expected Return

The anticipated amount of profit or loss an investment is likely to generate over a specific period.