Monetary Policy = Federal government's way to influence the economy though taxes. An example is a decrease in discount rate.
Factor Market = A market where firms buy services related to production. An example is land or raw materials.
Product Market = A market where finished goods and services are traded. An example of a product market is a bank/mortgage.
Fiscal Policy = Federal reserve's tool to influence the money supply in the economy. An example is increased government spending.
The correct answer to choose is A. Taking out a loan doesn't help you build credit.
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or a defined-contribution plan, although most plans are set as the latter.
Answer:
B. 4 years
Explanation:
Based on the information given about Tom in which we were been told that he elects the Life Income with a 10 year settlement option in which Tom dies in year 6, this means that
the beneficiary receives payments for 4 years calculater as:
Life Income 10 year Period- The year it took Tom to die which is year 6 which will eventually give us 4 years.
Therefore beneficiary receives payments for 4 years.