Why Have Many Americans' Retirement Accounts Regained Much of Their

question 161

Multiple Choice

Why have many Americans' retirement accounts regained much of their lost value since the 2007-2009 stock market crash?

• A) They were able to buy more stocks cheaper when the market was low.
• B) They sold off most of their portfolios when the market hit bottom.
• C) They sold off most of their portfolios before the market hit bottom.
• D) They switched their portfolio mix from stocks to bonds.

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Definitions:

Procedural Law

The law determining how the substantive laws will be enforced, including the rules governing arrest and criminal investigation, or pre-trial and court processes in both criminal and civil cases.

Roman Civil Law

The law of the Roman Empire, from which the common law drew its concepts of property and possessions.

Feudal System

A social and economic system prevalent in medieval Europe, characterized by the hierarchy of lords who held land in exchange for service and loyalty from vassals.

Local Nobles

Local nobles are distinguished individuals or families of high social rank, typically holding hereditary titles or positions, within a specific locality or region.