Ask Question
BusinessBusiness
4 April, 14:12

Economists call pensions "defined benefits" plans, because:

a. pension distributions rise with the rise in the CPI

b. pensions have traditionally been set as a fixed nominal dollar amount per year at retirement

c. pensions are always adjusted yearly for inflation

d. pensions are similar to borrowers who benefit from rising inflation

+5
Answers (1)
  1. 4 April, 14:20
    0
    The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.

    Explanation:

    Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the 401 (k), Individual Retirement Account (IRA), and Roth IRA each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "defined benefits" plans.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Economists call pensions "defined benefits" plans, because: a. pension distributions rise with the rise in the CPI b. pensions have ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You bought a new truck for $18,082.00. if the truck depreciates 20% in the first year, how much will its value decrease?
Answers (1)
The following information pertains to Sunland Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $706. 4. August bank service charge not recorded by the depositor $58.
Answers (1)
A check returned by a bank because the issuer's cash account balance could not cover the check is called a (n) :
Answers (1)
An employer who fires an, at will employee in a public and humiliating manner may be liable to the employee for intentional infliction of emotional distress. a. True b. False
Answers (1)
Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell A. goods produced by natural monopolies. B. highly-differentiated consumer goods. C. agricultural products. D.
Answers (1)
New Questions in Business
Jo has 100 hits in softball. 5 hits are home runs. What % of her hits are home runs?
Answers (1)
Packer Co.'s year 5 income statement reported $130,000 in income before provisions for income taxes. To compute the provision for federal income taxes, the following year 5 data are provided: Rent received in advance $22,000 Income from exempt
Answers (1)
What is accounting theory
Answers (1)
Most companies receiving a claim message tend to a. ignore the first phone call, e-mail, or letter. b. respond only to letters containing complaints that could result in lawsuits or financial harm. c.
Answers (1)
The demand curve of a monopolistically competitive firm A. is perfectly elastic. B. is horizontal because the firm must cut its price to sell more. C. is downwardminus-sloping because it sells an identical product. D.
Answers (1)
Home » Business » Economists call pensions "defined benefits" plans, because: a. pension distributions rise with the rise in the CPI b. pensions have traditionally been set as a fixed nominal dollar amount per year at retirement c.
Sign Up Forgot Password?