One example of a short-term savings strategy is:A.an employer-sponsored 401(k) plan.B.a high-risk stock market investment.C.a free checking account.D.a low-interest bank account.

A short-term savings strategy is most useful for people who want to:A.avoid putting their money into banks or credit unions.B.withdraw their savings to pay for unexpected expenses.C.increase the value of their investments as much as possible.D.create a household budget that uses all of their monthly income.

Long-term savings strategies include:A.opening up a low-interest savings account.B.investing money in a 401(k) plan.C.setting aside money for an emergency.D.making a household budget each month

Which statement best describes an example of a short-term investment strategy?A.Mariam invests $4,000 in a mutual fund to create a new income stream.B.Mariam buys an IRA that she can't withdraw from without penalty until she's 59.5.C.Mariam buys a certificate of deposit to set aside money for a down payment on a car.D.Mariam buys 100 shares of stock in a proven company known for solid, dependable performance over time.SUBMITarrow_backPREVIOUS

Which action is an example of a short-term savings goal?A.Saving to buy a houseB.Saving to buy a new carC.Saving for a new smartphoneD.Saving for collegeSUBMITarrow_backPREVIOUS

What is one major advantage of long-term savings strategies?A.They generally have the lowest available interest rates.B.They allow savings to grow significantly over time.C.They make more money available for nonessential purchases.D.They make it easier to pay for monthly expenses.