Which of the Following Statements About the Employee Retirement Income

question 80

Multiple Choice

Which of the following statements about the Employee Retirement Income Security Act (ERISA) is accurate?

• A)ERISA does not impose fiduciary duties on pension fund managers.
• B)ERISA does not allow pension plan participants to sue employers.
• C)ERISA does not require employers to establish or fund pension plans.
• D)ERISA does not guarantee employee participation in pension funds.

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Definitions:

Term Structure

The relationship between interest rates or yields and different maturities for debt securities, often depicted as a yield curve.

Interest Rates

The percentage charged on borrowed money, reflecting the cost of borrowing or the rate earned on investments.

Market Price

The existing trade value of assets or services in the market.

Market Rate

The prevailing interest rate available in the marketplace for loans or the current price of a commodity, security, or currency.