Which Is a Retirement Savings Account Specifically Designed for the Self-Employed,under

question 33

Multiple Choice

Which is a retirement savings account specifically designed for the self-employed,under which up to a set amount can be saved each year on a tax-free basis?

• A) defined contribution pension plan
• B) Roth IRA
• C) Keogh account
• D) 401(k)account

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Definitions:

Red Herring

A red herring is a preliminary prospectus filed by a company with the Securities and Exchange Commission (SEC), usually in relation to an initial public offering. The term can also refer to misleading information.

Distribution Prospectus

A legal document that provides details about an investment offering for sale to the public.

Approval Board

A committee or group responsible for reviewing and approving decisions or policies within an organization.

Standby Underwriting

A type of underwriting agreement in which the underwriter agrees to buy any shares not purchased by investors during a public offering.