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 100 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
YES! Correct, THANKS for helping me on my review

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

TrUe....FaLsE TrUe....FaLsE
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Weather Typically Associated with a Warm Front (North America) Weather Typically Associated with a Warm Front (North America)
Relationship between Trust and Investment Relationship between Trust and Investment
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library