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A tax-advantaged means by which people (usually self-employed) can set aside income on a before-tax basis is known to the IRS as a(n) ___ plan.


A) annuity
B) Keogh
C) IRA
D) tax-exempt pension

E) C) and D)
F) A) and B)

Correct Answer

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When inflation is relatively high, there is ____ for stock returns to be either relatively high or low.


A) a strong record
B) a strong tendency
C) a slight tendency
D) no tendency

E) C) and D)
F) B) and C)

Correct Answer

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