1) Allowing individuals to manage a portion of their Social Security funds is

A.

privatization.

B.

socialization.

C.

regeneration.

D.

democratization.

2) Since Social Security benefits are paid from current contributions, the system is a

A.

overfunded system.

B.

privatized system.

C.

"payasyougo"

system.

D.

defined contribution system.

3) Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the overthecounter

market, like shares of common stock, are called

A.

openend

funds.

B.

primaryissue

funds.

C.

closeend

funds.

D.

OTC funds.

please explain and provide correct answer otherwise downvote and report