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American Bankers Association CTFA Exam - Topic 7 Question 106 Discussion

This is a type of employee benefit plan wherein the employer allocates a certain amount of money and then the employee spends that money for benefits selected from a menu covering everything from child care to health and life insurance to retirement benefits.
D) Both of the above are one and the same
A) Flexible benefit plan
B) Cafeteria plan
C) Short-term financial plan

American Bankers Association CTFA Exam - Topic 7 Question 106 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 106
Topic #: 7
[All CTFA Questions]

This is a type of employee benefit plan wherein the employer allocates a certain amount of money and then the employee spends that money for benefits selected from a menu covering everything from child care to health and life insurance to retirement benefits.

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Suggested Answer: D

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