Multiple Choice QuestionThe largest pension fund in the United States is ______.Multiple choice question.the FDICa Roth IRAMedicareSocial Security
Question
Multiple Choice Question
The largest pension fund in the United States is ______.
- a) the FDIC
- b) a Roth IRA
- c) Medicare
- d) Social Security
Solution
The answer is Social Security.
Here's why:
-
The FDIC (Federal Deposit Insurance Corporation) is not a pension fund. It is a government agency that provides insurance on deposits in banks.
-
A Roth IRA (Individual Retirement Account) is a type of retirement savings account, not a pension fund. It is individual-based, not a collective fund.
-
Medicare is a federal health insurance program, not a pension fund.
-
Social Security is the largest pension fund in the United States. It is a government program that provides retirement, disability, and survivor benefits to workers and their dependents.
Similar Questions
Multiple Choice QuestionAn IRA is a type of ______.Multiple choice question.equity loanpension fundinsurance policymortgage
Multiple Choice QuestionThe NYSE and the NASDAQ are ______.Multiple choice question.investment bankstypes of bondsstock marketsmutual funds
Which of the following is NOT an investment product?(1.0 Marks)Mutual FundATerm PlanBExchange Traded FundCNational Pension System
The investment with the highest risk is _____.A.government bondsB.mutual fundsC.real estateD.stocksSUBMITarrow_backPREVIOUS
financial institutions attract funds from savers by offering ____________ on savings.Question 36Select one:a.profitsb.interestc.revenuesd.benefits
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.