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1:Choose one of the following types of institutions is most likely to have a long investment time horizon and a high level of risk tolerance.
A. A bank.
B. An insurance company.
C. An endowment.
Solution: C
2:Choose one of the following statement best describe the defined contribution pension plan?
A. The employer contributes to the employee's retirement account each period.
B. The plan sponsor promises a predetermined retirement income to participants.
C. The employee assumes the investment risk.
Solution: C
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