________ is an institution that receives contributions from workers and uses the funds received to invest in financial securities to fund retirement benefits.

Question

Quizplus · Accepted Answer

A pension fund is specifically designed to receive contributions from workers and use those funds to invest in financial securities in order to fund retirement benefits. Mutual funds and hedge funds also invest in financial securities but are not specifically designed to fund retirement benefits. Investment banks typically provide advisory and transaction services to corporations and do not receive contributions from workers.

________ Is an Institution That Receives Contributions from Workers and Uses