________ are financial intermediaries that provide the public with a kind of protection: income payments on retirement.
A)Pension funds
B)Investment banks
C)Finance companies
D)Credit unions

Question

Quizplus · Accepted Answer

Pension funds are financial intermediaries that provide retirement income payments to the public. They are typically set up by employers for their employees, or individuals can also contribute to them voluntarily. The funds are invested in various assets like stocks, bonds and real estate to generate returns to pay out to retirees. Pension funds provide a form of protection to the public by ensuring they have a steady income stream during their retirement years.

________ Are Financial Intermediaries That Provide the Public with a Kind