ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Savings account
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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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Detailed explanation-1: -Money market funds invest in highly stable, short-term debt securities that are very low risk. As investments go, money market funds are generally considered quite safe, although they are not entirely risk free.
Detailed explanation-2: -A savings account gives you access to cash when you need it. Involves minimal risk. Your funds are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250, 000 per depositor, per FDIC-insured bank, per ownership category.
Detailed explanation-3: -Money market accounts and savings accounts are equally safe places for consumers to keep their savings. However, it’s important to open accounts at banks that are covered by FDIC insurance.
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