Question

A business will put their funds in a variety of accounts. The funds least likely to be able to be accessed in a given month are _____. (Select all that apply.)

benefit plan funds

operating fund

corporate reserves

pension funds

Answer 1

pension funds

Step-by-step explanation:

Pension funds are investment instruments that accumulate money meant to assist employees in their retirement days. Either the employee, employers, or both contribute money periodically to the pension fund. Pension funds pool resources and invest them in long term projects.

The money in a pension fund is accessible upon retirement. The objective is the give retires a decent lifestyle after their working days are over. Accessing the funds before retirement, such as at the end month, is difficult.