0 of 1 questions completed
Weekly Quiz 8
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 1 questions answered correctly
Time has elapsed
You have reached 0 of 0 points, (0)
Question 1 of 1
Drag the correct word or phrase to the right-hand column next to its definition.
- Compound interest
- Employee contribution
- Employer match
- Individual Retirement Account
- Social Security
Employer-sponsored retirement savings accounts that offer tax benefits (meaning that you pay less in taxes by saving your money in them)
Interest that is calculated and paid on both the initial principal and the accumulated interest
Money contributed by an employee to an employer-sponsored retirement plan such as a 401(k) or a pension
Money an employer contributes to an employee’s retirement savings plan when the employee also contributes
Tax-advantaged retirement savings accounts that are established by individuals rather than employers
Employer-sponsored retirement plans that guarantee a certain monthly benefit for life
A long-standing federal insurance program to provide benefits to older adults, their survivors, and workers who become disabled