What is the full form of "PEP"?
A. Plan and Equity Portfolio
B. Portfolio Entrust Policy
C. Personal Equity Plans
D. Policy with Equity Portfolio
Answer: Option C
Solution(By Examveda Team)
A personal equity plan (PEP) was an investment plan introduced in the United Kingdom that encouraged people over the age of 18 to invest in British companies. Participants could invest in shares, authorized unit trusts, or investment trusts and receive both income and capital gains free of tax.This Question Belongs to Abbreviations >> Banking Abbreviations
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