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Which of the following makes the Coverdell Education Savings Account unique?A.It offers few investment choices.B.Unused funds return to the account holder.C.It can be used only to pay for college tuition costs.D.It offers many investment choices.SUBMITarrow_backPREVIOUS

Question

Which of the following makes the Coverdell Education Savings Account unique?A.It offers few investment choices.B.Unused funds return to the account holder.C.It can be used only to pay for college tuition costs.D.It offers many investment choices.SUBMITarrow_backPREVIOUS

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Solution

The unique feature of the Coverdell Education Savings Account is that it can be used not only for college tuition costs. So, the correct answer is C. It can be used only to pay for college tuition costs.

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