Series 51: Exercise

Taken from our Series 51 Online Guide

Exercise

Match each kind of educational savings instrument to its description

  1. A. CESA
  2. B. 529 college savings plan
  3. C. Prepaid tuition plan
  4. D. UGMA/UTMA
  5. E. Educational savings bond
  6. 1. _____ This instrument allows earnings to grow tax-free and can be used to pay for educational expenses for primary through graduate school education.
  7. 2. _____ Setting up this type of instrument allows the investor to avoid inflation risk by purchasing credits to pay for education expenses in today’s dollars.
  8. 3. _____ These instruments allow an adult to set up an account for the benefit of a minor, and although the account is not managed by the minor, it

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