Question 21 2 pts Which of the following types of mutual funds would generally be viewed as lowest in risk (but lowest in potential returns) because it invests mainly in certificates of deposits, government bonds, and assets that can be sold quickly if necessary? Money market mutual funds Sector funds Long-term corporate bonds Emerging market funds Intermediate government bond funds Question 22 2 pts What is the term for the court-supervised process that establishes a will's validity, allows creditors to present claims against an estate, and ensures the proper transfer of a decedent's assets to the rightful beneficiaries? Intestation Divestment Probate Liquidation Designation 2 pts Question 23 Question 24 2 pts An annuity is a financial contract written (typically) by a life insurance company that provides an investor with regular income during retirement. The amount of income can be fixed in advance or it can depend on the performance of stock or bond markets selected by the annuity's owner. This latter type of annuity is called a _annuity: Speculative Preferred Deferred Returns-based Variable 2 pts When employees are automatically enrolled in a retirement savings plan but fail to specify how their savings should be invested, employers have to make the choice for them. Which of the following types of mutual funds does the U.S. government consider a particularly appropriate employer selection because it contains both stocks and bonds and becomes gradually more conservative as an employer gets older? Socially responsible Life cycle Family friendly Sector Stock index