Which of the following represents a pool of managed funds that provide retirement income for members?
A) Insurance companies
B) Finance companies
C) Securities investment dealers
D) Nondeposit institutions
E) Pension funds
Answer: E
Explanation: E) A pension fund is a pool of funds that is managed to provide retirement income for its members. Public pension funds in the United States include Social Security. Private pension funds, operated by employers, unions, and other private groups, cover about 36 million people.
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