The primary purpose of a 401(k) plan is to:
A) save for retirement on a tax-deferred basis
B) save for retirement on a tax-free basis
C) save for retirement and have your employer match your contributions, all on a tax-free basis
D) have a forced savings plan for emergencies
A
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The First Bank of the United States ceased operations because:
a. the need to provide financing for the Civil War was not supported by Congress b. of the opposition of state banking interests c. its charter had expired and there was no provision for its renewal d. both b and c
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What kind of exchange rate system did the Bretton Woods agreement establish?
A) Floating B) Managed float C) Dirty float D) Fixed
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