Personal Finance

When estimating your retirement savings goal in today’s dollars, the amount saved must be higher to adjust for inflation. True A beneficiary designation can, and should, be made on your retirement accounts, life insurance policies, bank and credit union accounts, and investment accounts. True The salary-reduction pension plan specifically designed …

Business Finance: Chapter 2 FINANCIAL MARKETS AND INSTITUTIONS

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.a. Trueb. False a The NYSE …