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investing

Isabela Coleman avatar Isabela Coleman
6 December 2023
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10 test answers

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question
According to this chart, among people 65 and over, investment income represents the
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fourth largest source of income.
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In what way does a 401(k) differ from an individual retirement account (IRA)?
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A 401(k) is created through an individual's employer.
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How is a savings account most useful?
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for using money in the near future but not right away
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Which statements apply to a certificate of deposit (CD)? Check all that apply.
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It can be purchased from a banking institution. It can be purchased for almost any amount.
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When investors purchase a commodity, they believe
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the commodity's price will go up after purchase.
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By diversifying, investors help minimize
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risk
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Which investment is best for someone who is likely to need cash soon?
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savings account
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Which best describes stocks and mutual funds?
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They are an investment in a company's progress and profits.
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What is the relationship between risk and return?
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A higher risk often means a higher return.
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What is the advantage of investing income before taxes?
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It lowers the amount of yearly taxable income.