ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Savings tools are not secure because they have a high risk of losing money.
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Savings tools are secure because they are protected by the U.S. government against loss.
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Savings tools are very secure because there are not risks involved with saving or investing.
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None of the above is true. It would be safer to keep the money at home in a shoe box.
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Detailed explanation-1: -Which of the following statements correctly describes the security level of savings tools? Savings tools are secure because they are protected by the U.S. government against loss.
Detailed explanation-2: -Savings, CDs, Money Market Accounts, and Bonds The investment type that typically carries the least risk is a savings account. CDs, bonds, and money market accounts could be grouped in as the least risky investment types around.
Detailed explanation-3: -Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately.
Detailed explanation-4: -Domestic stocks. Bonds. Short-term investments. * You could lose money by investing in a money market fund. International stocks. Sector funds. Commodity-focused funds. Real estate funds. More items