Which of the Following Is True When Comparing RRSPs and TFSAs

question 5

Multiple Choice

Which of the following is true when comparing RRSPs and TFSAs?

• A)An RRSP is generally considered to be a more flexible account than a TFSA.
• B)A TFSA is generally considered to be a more flexible account than an RRSP.
• C)TFSAs should be used primarily for short and long term saving needs instead of long term retirement savings.
• D)RRSPs should be used primarily for short and long term saving needs instead of long term retirement savings.

---

Definitions:

R

A symbol commonly used to represent resistance in an electrical circuit, measured in ohms.

RC Parallel Circuit

A circuit configuration consisting of a resistor (R) and a capacitor (C) connected in parallel, often used in electrical networks to filter or time-delay signals.

R

Represents the symbol for resistance in electrical circuits, measuring how much an object opposes the passage of electrons.

RC Parallel Circuit

An electrical circuit that contains both a resistor (R) and a capacitor (C) connected in parallel.