Which of the following statements regarding Achieving a Better Life Experience (ABLE) accounts is correct?

a. Distributions made for qualified disability-related expenses are income tax free and do notcount in determining eligibility for any federal means-tested program.

b. If the account balance exceeds $15,000 SSI benefits will be suspended until the balance fallsbelow $15,000.

c. Rollovers from Sec. 529 Savings Plans to Sec. 529A ABLE accounts are not permitted.

d. The account must be established in the state in which the beneficiary resides

Increasing inflation rates and increasing interest rates would be characteristic of?

A) Expansion.

B) Peak.

C) Contraction.

D) Trough.