a. In a defined benefit pension plan, the _____ bears all of the fund's investment performance risk.
A) employer
B) employee
C) fund manager
D) government
b. The major asset most people have during their early working years is their ________.
A) home
B) stock portfolio
C) earning power derived from their skills D) bond portfolio
c. As the typical investor ages, the composition of his wealth usually switches from primarily _______ to primarily _______.
A) human capital; financial capital
B) financial capital; human capital
C) intellectual capital; physical capital
D) investable capital; noninvestable capital