单选题 All of the following are investment constraints EXCEPT: A. liquidity needs. B. pension plan contributions of the employer. C. tax concerns.
【正确答案】 B
【答案解析】Investment constraints include: liquidity needs, time horizon, tax concerns, legal and regulatory factors and unique needs and preferences. While employer contributions may be of interest, and an issue in some instances, it is not classified as a specific investment constraint.