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Author Question: Which of the following statements about trust fund plans is (are) true? I. The trustee typically ... (Read 64 times)

piesebel

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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.


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gabrielle_lawrence

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: D


piesebel

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Reply 2 on: Jul 11, 2018
:D TYSM

Joy Chen

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Reply 3 on: Yesterday
Excellent

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