Money you set aside for a "rainy day fund" should be invested in ________, while money you are saving for retirement in 20 years should be invested in ________
A) mutual funds; bond funds
B) money market funds; growth oriented stock mutual funds
C) three year bank CD's; 20 year bank CD's
D) preferred stock; common stock
Answer: B
You might also like to view...
Understanding the real needs of two people and then looking for creative solutions that allow both parties to have their needs met is an example of which of the following?
a. Tough battler b. Problem solver c. Compromiser d. Friendly helper e. Avoider
Under comparative negligence, if a plaintiff is found by the jury to be 25 percent negligent and
the damages are $100,000, the plaintiff would only recover $25,000. Indicate whether the statement is true or false
An electronic record of a contract for a sale of goods can enforceable.
Answer the following statement true (T) or false (F)
With futures contracts, the price at which the commodity must be delivered is
A) set when the futures contract is sold. B) set when the contract expires. C) is equivalent to the strike price for an options contract. D) changes frequently during the life of the contract.