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Financial Accounting MCQs

A pension fund is:

an agreement where an employer pays monetary benefits to employees once their period of active service ends.

an intermediary used by the employer to meet plan obligations

used by an employer to hold employees' contributions and allows employees to withdraw them at any time.

established by an employer to organize the investment of employees' retirement funds contributed by the employer and employees.

Answer

Correct Answer: established by an employer to organize the investment of employees' retirement funds contributed by the employer and employees.

Explanation:

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