A ____ Plan Combines Some of the Features of a Defined

question 190

Multiple Choice

A ____ plan combines some of the features of a defined contribution plan with features of a defined benefit plan to produce a plan that is more portable than a traditional defined benefit plan.

• A)SEP
• B)Roth IRA
• C)cash-balance
• D)profit sharing
• E)thrift and savings

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Definitions:

Rosa Parks

An African American civil rights activist whose refusal to give up her seat on a segregated bus in Montgomery, Alabama, in 1955 led to a citywide boycott and became a symbol of the fight against racial segregation.

Predatory Lending

Unethical practices by lenders who impose unfair and abusive loan terms on borrowers, often through high interest rates or unreasonable fees.

Loans

Money, property, or other material goods given to another party in exchange for future repayment of the loan value amount with interest or other finance charges.

Market Averages

Statistical measures that provide a snapshot of the overall movement and health of the stock market, typically represented by indices like the Dow Jones Industrial Average.