ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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stocks
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real estate
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insurance
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certificate of deposit
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Detailed explanation-1: -The five most common types of savings tools are checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and savings bonds.
Detailed explanation-2: -A growth fund is a diversified portfolio of stocks that has capital appreciation as its primary goal, with little or no dividend payouts. The portfolio mainly consists of companies with above-average growth that reinvest their earnings into expansion, acquisitions, or research and development (R&D).
Detailed explanation-3: -ELSS or Equity Linked Savings Scheme is a type of mutual fund. ELSS Funds have a lock-in of 3 years, which is the shortest lock-in among the various tax-saving schemes in India. Investing in ELSS Funds (also called Tax Saving Funds) is tax deductible under Section 80 C up to Rs 1.5 lakh per annum.
Detailed explanation-4: -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