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Which of the following is an advantage of investments through a brokerage firm?
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
Certificates of Deposit (CDs)
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
Which is not an example of a long-term goal?
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
Interest computed on the principle plus accumulated interest is called
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
Brokerage firms buy and sell different types of securities.
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
An IRA in which the contributions, gains, and earnings remain tax-free until you withdraw them is called a
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
If you withdraw part of the money you deposited into a Certificate of Deposit (CD) before the maturity date, you will not have to pay a penalty.
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
An IRA in which the contributions are not tax free, but earnings and gains remain tax free is called a
High Rate of Return
Roth IRA
Traditional IRA
earn a fixed interest rate for a set length of time
vacation
False
True
compound interest
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