A 25 Year Old Individual with $10,000 Invested in an RRSP

question 46

Multiple Choice

A 25 year old individual with $10,000 invested in an RRSP and an average risk tolerance should be concerned about:

• A) taxes, and should invest 70% in equities and 30% in bonds.
• B) taxes, and should invest 30% in equities and 70% in bonds.
• C) inflation, and should invest 70% in equities and 30% in bonds.
• D) inflation, and should invest 30% in equities and 70% in bonds.
• E) taxes and inflation.

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Definitions:

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions, including prohibiting certain types of strikes and requiring union leaders to swear they are not communists.

National Health

A concept referring to the overall health and well-being status of a nation's population, often assessed through healthcare systems and public health initiatives.

Contracts

Legal agreements between parties that outline terms and conditions of a particular arrangement, often used in the context of employment and labor relations.

Negotiations

The process of discussing and reaching a mutual agreement between parties with divergent objectives.