Using Lessons Learned from Behavioral Economists, Which of the Following

question 11

Multiple Choice

Using lessons learned from behavioral economists, which of the following would be most likely to increase retirement savings?

• A)Specifying that all retirement contributions are to be made by personal check only
• B)Allowing customers to make contributions of any amount whenever they desire
• C)Enabling automatic deductions from paychecks, but allow customers to make as many changes to the amount as they like without cost or obligation
• D)Allowing customers to commit to an increasing portion of their paycheck being automatically deposited in retirement savings in future years
• E)Charging service fees for contributions under $100

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Definitions:

Lee Harvey Oswald

An American former Marine and Marxist who is accused of assassinating President John F. Kennedy on November 22, 1963, in Dallas, Texas.

Assassination

The deliberate killing of a prominent or important person, usually for political or ideological reasons.

Johnson Administration

The presidency of Lyndon B. Johnson in the United States from 1963 to 1969, marked by significant domestic policies such as the Great Society.

Kennedy Disliked Johnson

Refers to the complex personal and professional relationship between President John F. Kennedy and Vice President Lyndon B. Johnson.