1. the three-legged stool deals with
a. checking accounts, savings accounts, and investment accounts
b. checking accounts, savings accounts, and retirement planning
c. different types of retirement savings plans
d. budgeting, retirement planning, and investment accounts

2. social security is a payment from
a. the united states government
b. a pension plan
c. a state government
d. a private investment

3. when an asset increases in value, it is said to
a. depreciate
b. be at market value
c. appreciate
d. have valuized

The "three-legged stool" is an old phrase. It describes the three most common sources of retirement income: social Security, employee pensions, and personal savings. The correct answer for that is C.

Social security is a payment made for the people in need, i.e, people with lower income or no income. Since it is a government plan and it concerns government's work, the correct answer is A.

Appreciate means to gain value. In this question, appreciate is a correct answer. Since we are discussing the value, not the price of the asset and appreciation is correct. The answer is C.

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