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What is the full form of PEP

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Banking Abbreviations
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What is the full form of "PEP"?

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Correct Answer: Option C
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.
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