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