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.

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Definitions:

Cross-Sectional Study

A type of observational research that analyzes data from a population, or a representative subset, at a specific point in time.

Longitudinal Study

A research design that involves repeated observations of the same variables over a period of time, often used to observe developments or changes.

Evolutionary Perspective

An approach in psychology that emphasizes the inherited, adaptive value of behavior and mental activity throughout the history of a species.

Vygotsky

A Russian psychologist known for his work on cognitive development, particularly the concept of the Zone of Proximal Development.