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A retirement plans funded for workers by corporations administered and commercial...

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Financial Management
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A retirement plans funded for workers by corporations, administered and commercial banks are classified as

Answer & Solution
Correct Answer: Option B
A retirement plans funded for workers by corporations, administered and commercial banks are classified as pension funds. Pension funds are pooled monetary contributions from pension plans set up by employers, unions, or other organizations to provide for their employees' or members' retirement benefits.
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