This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about trust fund plans is (are) true? I. The trustee typically ... (Read 112 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jul 11, 2018
Which of the following statements about trust fund plans is (are) true? I. The trustee typically purchases annuities for retiring employees. II. The trustee guarantees the adequacy of the fund to pay the promised benefits.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

A financial institution that provides for the accumulation or administration of the funds that will be used to pay pension benefits is called a
 
  A) trust fund.
  B) mutual fund.
  C) funding instrument.
  D) funding agency.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


piesebel

  • Member
  • Posts: 565
Reply 2 on: Jul 11, 2018
Wow, this really help

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Weather Typically Associated with a Warm Front (North America) Weather Typically Associated with a Warm Front (North America)
Examples of Mission Statements Examples of Mission Statements
How to convert verbal statements into algebraic equations (Part 2) How to convert verbal statements into algebraic equations (Part 2)
Relationship between Trust and Investment Relationship between Trust and Investment
The gas division of Power-U-Up plans to introduce a new gas delivery system based on the ... The gas division of Power-U-Up plans to introduce a new gas delivery system based on the ...
Video: Metaphase I Animation

For a complete list of videos, visit our video library