17
QuizMultiple Choice

Unit Test — Unit test

Question 17 • DRHS GA-GSE Personal Financial Literacy

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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