Retirement Income Comes from Which of the Following Sources

question 143

Multiple Choice

Retirement income comes from which of the following sources?

• A)Social Security
• B)Pensions
• C)Asset income
• D)Earnings
• E)All of the above

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Definitions:

Gold Standard

A monetary system in which the value of a country's currency is directly linked to gold, ensuring stability and trust in the currency.

Time Deposits

A financial product provided by banks that offers a higher interest rate in exchange for keeping a specified amount of money untouched for a predetermined period.

Reserve Requirement

The minimum percentage of customer deposits and notes that a bank must hold as reserves rather than lending out, as mandated by the central bank.

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the institution, typically through writing checks.