10
QuizMultiple Choice

Investing and Financial Markets — Unit test

Question 10 of 25 • Financial Literacy (WMHS) - Semester 1

In what way does a 401(k) differ from an individual retirement account (IRA)?

Answer
A
A 401(k) is created through an individual’s employer.
B
A 401(k) can be created by individuals who deposit money.
C
A 401(k) allows consumers to contribute before taxes.
D
A 401(k) is a good long-term investment strategy.
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