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How are saving and investing different?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
Avery is self-employed and does seasonal work, so there are times when he cannot pay all his bills and still set aside money for savings. This is an example of which reason indivi
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
Sheila earns $200 a week. She spends $140 on school expenses, puts $40 in her piggy bank, and uses $20 toward the purchase of bonds. Which rule of saving and investing is this?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
What is interest?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
What is preferred stock?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
What is a CD?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
Calvin wants to invest his money in a way that he will not be tempted to withdraw and spend it. Which would MOST LIKELY be the best option for Calvin?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
What is common stock?
The main purpose of saving is to have money on hand when needs come up, but investing is to earn pro
Stock in a public corporation; returns vary, but higher risk
Money paid for the use of someone else’s money over a period of time
Stock with fixed dividends, less risk
Inability to pay current expenses
Certificate of deposit
A certificate of deposit stating money has been deposited for a specific time
Rule of 70-20-10
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