Question: 1. Defined contribution plans hold more __________ and less __________ as a percent of assets than defined benefit plans. a. Municipal bonds; equities b. Fixed

1. Defined contribution plans hold more __________ and less __________ as a percent of assets than defined benefit plans.

a.

Municipal bonds; equities
b.

Fixed income securities; equitie
c.

Government securities; mutual funds
d.

Equities; fixed income securities

2. Most public pension funds are

a.

Overfunded
b.

Underfunded
c.

Fully funded
d.

Defined contribution

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