ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Save an amount of money from your monthly paycheck
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Pay a monthly payment to a saving plan
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Save the extra money from a bonus or raise
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Invest money in safe, liquid investments
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Detailed explanation-1: -If you plan to invest in safe options, PPF is right there at the top of the list. It is a long-term investment option that offers you an attractive interest rate and returns on your investment.
Detailed explanation-2: -High-yield savings accounts are just about the safest type of account for your money. These Federal Deposit Insurance Corporation (FDIC)-insured bank accounts are highly liquid and immune to market fluctuations.
Detailed explanation-3: -Mutual funds are considered liquid since investors can sell their shares at any time and receive their money within days.) Money-market funds, a type of mutual fund that invests in low-risk low-yielding investments like municipal bonds (Similar to mutual funds, money market funds are also liquid investments.)
Detailed explanation-4: -Bank savings accounts. Your savings account or your checking account is a no brainer. Bank Fixed Deposits and Other Deposits. Short term Debt Funds. Arbitrage Funds. Money Market Funds. Fixed Maturity Plans (FMPs) Gold ETFs. Post Office Term /TimeDeposits. More items
Detailed explanation-5: -High-yield savings accounts. Series I savings bonds. Short-term certificates of deposit. Money market funds. Treasury bills, notes, bonds and TIPS. Corporate bonds. Dividend-paying stocks. Preferred stocks. More items •01-Mar-2023