投资学第7版Test Bank答案
10. An important benefit of Keogh plans is that
A) they are not taxable until funds are withdrawn as benefits.
B) they are protected against inflation.
C) they are automatically insured by the Federal government.
D) A and B.
E) A and C.
Answer: A Difficulty: Easy
Rationale: Keogh plans, like other tax-deferred retirement plans, are not subject to taxes
until funds are withdrawn as benefits.
11. Variable life insurance
A) combines life insurance with a tax-deferred annuity.
B) provides a minimum death benefit that increases subject to investment
performance.
C) can be converted to a stream of income.
D) all of the above.
E) none of the above.
Answer: D Difficulty: Easy
Rationale: Variable life insurance includes all of the listed features.
12. Endowment funds are held by __________.
A) charitable organizations
B) educational institutions
C) for profit firms
D) A and B
E) B and C
Answer: D Difficulty: Easy
Rationale: Endowments are funds established for not for profit organizations, such as
colleges, universities, charities, hospitals, etc.
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