ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which savings options are long-term? (save for years) Check all that apply.
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Savings accounts
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Money Market accounts
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Bonds
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Stocks
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Mutual Funds
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Explanation:
Detailed explanation-1: -What are the types of investment options for the long term? There are several long-term investment options. You can select one based on your financial goals or planning. These include Unit Linked Insurance Plans (ULIPs), Equity Funds, Public Provident Funds (PPF), Stocks, Mutual Funds, Bonds, Gold and Real Estate.
Detailed explanation-2: -Generally speaking, mutual funds-especially equity mutual funds-should be considered a long-term investment.
Detailed explanation-3: -PPF and EPF. One of the most popular investment options in the country, the Public Provident Fund is with an interest rate of 8.7% and still remains the best bet. Stocks. Mutual funds. Real Estate. Bonds. Gold. ULIPs. Equity funds.
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