ch 13 quiz

Match the following terms with the phrase that describes it. Answers are used only once. 1. Legal document expressing wishes for an estate.

• Will

• 401(k)

• Annuity

• Inflation

• Executor

Retirement account sponsored by an employer.

• Executor

• Inflation

• Annuity

• IRA

• 401(k)

Retirement account for which contributions are not taxed.

• Roth IRA

• 401(k)

• Annuity

• Executor

• Inflation

Deposits are made as a series of equal payments over time.

• Inflation

• IRA

• Executor

• 401(k)

• Annuity

Payment made to the owner of an asset for its use.

• Executor

• Annuity

• Inflation

• 401(k)

• Royalty

What you give up by choosing one option over another.

• Executor

• 401(k)

• Inflation

• Opportunity cost

• Annuity

Legal entity that holds property for the benefit of another.

• 401(k)

• Executor

• Inflation

• Trust

• Annuity

Retirement account that allows tax-free withdrawals.

• Annuity

• Executor

• 401(k)

• Roth IRA

• Inflation

Manager of an estate.

• Executor

• 401(k)

• IRA

• Annuity

• Inflation

Rising prices over time.

• Inflation

• 401(k)

• Annuity

• Executor

• IRA