QUESTION: 98
Bank may serve as trustee or custodian for pension and profit sharing plans that self- employed
individuals establish for them selves and their employees. These types of trust are referred to
as:

A. Defined benefit plans
B. Keogh plans
C. Individual retirement account
D. None of these

Answer(s): B
QUESTION: 99
Which one of the following activities is not related to the trust committee activities that should be
reviewed?

A. Whether regular meetings are held and documented by meeting minutes
B. Whether the trust committee contains at least one member who is not a bank officer
C. Whether there is adequate oversight of the trust committee's activities by board of directors
D. None of these

Answer(s): D
QUESTION: 100
When the maturity date of the annuity arrives, the insurer begins making a series of payment to
the annuitant over a stated period (Known as ).

A. Accumulation period
B. Lump-sum payment period
C. Payment release period
D. Pay-out period

Answer(s): D
QUESTION: 101
Annuities provide the annuitants with .

A. Tax-deferred earnings
B. Tax-accrued earnings
C. Tax-free earnings
D. Maximum level of earnings

Answer(s): A
QUESTION: 102

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