Choose the Word or Phrase in [ ] Which Will

question 141

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The employee will be responsible for making investment choices when the employer offers a [401(k)plan | defined benefit plan].

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Definitions:

Order Paper

A financial instrument made out to a specific individual or entity and can only be transferred to a new holder when endorsed by the named party.

Special Indorsement

An endorsement on a negotiable instrument, such as a check, that specifies the person to whom or to whose order the money is to be paid.

Bearer Paper

A negotiable instrument or document of title that entitles the holder or bearer to the rights specified in the document, without needing to prove ownership.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time.