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:

Ineffective

Lacking the ability or qualities to produce the intended or desired result.

T-group

A form of group training where participants learn about group dynamics, leadership, and interpersonal relations through their interactions with each other.

Therapy

The process of treating psychological disorders or distress through various psychological methods, including counseling and psychotherapy.

Task

Refers to the work that needs to be accomplished within a group or organizational setting.