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Which of the following statements about pension adjustments (PA) is TRUE? O They represent how much your pension is reduced due to market conditions. O They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment. O They represent how much your pension will increase due to years of service. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan. A client has $950,000 in his RRSP account and $550,000 in his non-registered account held in nominee name with Tradewell Mutual Funds. In the event of his dealer, Tradewell Mutual Funds declaring insolvency, what is the total amount the client be eligible to receive from the Mutual Fund Dealers Association of Canada Investor Protection Corporation (IPC)? O The client will not be eligible for any coverage. O The client will be eligible for coverage of $550,000. O The client will be eligible for coverage of $950,000. The client will be eligible for coverage of $1,500,000

Which of the following statements about pension adjustments (PA) is TRUE? O They represent how much your pension is reduced due to market conditions. O They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment. O They represent how much your pension will increase due to years of service. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan. A client has $950,000 in his RRSP account and $550,000 in his non-registered account held in nominee name with Tradewell Mutual Funds. In the event of his dealer, Tradewell Mutual Funds declaring insolvency, what is the total amount the client be eligible to receive from the Mutual Fund Dealers Association of Canada Investor Protection Corporation (IPC)? O The client will not be eligible for any coverage. O The client will be eligible for coverage of $550,000. O The client will be eligible for coverage of $950,000. The client will be eligible for coverage of $1,500,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following statements about pension adjustments (PA) is TRUE? O They represent how much your pension is reduced due to market conditions. O They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment. O They represent how much your pension will increase due to years of service. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan.
Transcribed Image Text:Which of the following statements about pension adjustments (PA) is TRUE? O They represent how much your pension is reduced due to market conditions. O They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment. O They represent how much your pension will increase due to years of service. You will receive a PA whether you are in a defined contribution or a defined benefit pension plan.
A client has $950,000 in his RRSP account and $550,000 in his non-registered account held in nominee name with Tradewell Mutual Funds. In the event of his dealer, Tradewell Mutual Funds declaring insolvency, what is the total amount the client be eligible to receive from the Mutual Fund Dealers Association of Canada Investor Protection Corporation (IPC)? O The client will not be eligible for any coverage. O The client will be eligible for coverage of $550,000. O The client will be eligible for coverage of $950,000. The client will be eligible for coverage of $1,500,000
Transcribed Image Text:A client has $950,000 in his RRSP account and $550,000 in his non-registered account held in nominee name with Tradewell Mutual Funds. In the event of his dealer, Tradewell Mutual Funds declaring insolvency, what is the total amount the client be eligible to receive from the Mutual Fund Dealers Association of Canada Investor Protection Corporation (IPC)? O The client will not be eligible for any coverage. O The client will be eligible for coverage of $550,000. O The client will be eligible for coverage of $950,000. The client will be eligible for coverage of $1,500,000
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