What are the nondeposit institutions that provide retirement benefits to workers and their families called?
A) insurance companies
B) pension funds
C) finance companies
D) brokerage firms
E) money market firms
Answer: B
Explanation: B) Pension funds are nondeposit institutions that provide retirement benefits to workers and their families.
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In order for a customer to arrive at a buying decision, the salesperson should present the product according to:
A) the individual customer's needs B) the salesperson's point of view C) a standardized procedure or presentation D) the buyer profile based on industry research E) the chronological timeline of the product
Which of the following is not true for discrete random variables?
A) The expected value is the weighted average of the values. B) They can assume only a countable number of values. C) The probability of each value of the random variable must be 0. D) The probability values always sum up to 1. E) A binomial random variable is considered discrete.