Financial advisors often advise having 4-6 months of income in "near cash" for rainy day funds. Which of these investments do not provide the necessary liquidity to meet this need?
A) Bank money market fund
B) Stock market listed money market fund
C) High dividend paying blue chip stock
D) B and C do not provide the necessary liquidity
Answer: C
You might also like to view...
Databases make the creation and management of a useful connector list easier, but they
A) cannot replace cold calling. B) make the use of MPR cost-prohibitive. C) increase the likelihood that a firm will require a media audit. D) are not a substitute for critical thinking. E) reduce the effectiveness of a company's conventional advertising campaigns.
Most prospects are willing and eager to participate in a presentation held off premises
Indicate whether the statement is true or false
Which of the following is a necessity to bring a private civil action against a violator of Racketeer Influenced and Corrupt Organizations Act (RICO) based on securities fraud?
A) The accountant must not be a third-party independent contractor. B) The defendant has to be first criminally convicted in connection with the securities fraud. C) The plaintiff should file the case before the government brings a lawsuit. D) The defendant has to be tried by the application of the Section 32(a) of the Securities Exchange Act of 1934 first.
On average, how many customers are waiting to be served?
In a bank drive-through, there is a single service window and room only for two cars to line-up to wait for service. The mean time between arrivals for drive through customers is 5 minutes. The mean time to complete a customer transaction is 3 minutes. The number of arrivals is distributed according to a Poisson distribution and the service times are exponentially distributed.