An Annuity That Is Purchased in a RRIF Account Is

question 89

Multiple Choice

An annuity that is purchased in a RRIF account is called a

• A)life annuity.
• B)registered annuity.
• C)term annuity.
• D)RRIFed annuity.

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Definitions:

Technical Goods

Products designed with a specific technical or functional purpose, often requiring specialized knowledge to use.

Heckscher-Ohlin Theorem

An economic theory stating that countries will export goods that require resources (factors of production) that are abundant and import goods that require resources in short supply.

Trade Flows

The movement of goods and services between countries, often measured in terms of imports and exports.

Factor Endowments

The quantity and quality of labor, land, and natural resources of a country.