Which of the following would be the safest investment, where there is NO chance of losing your money?
A. savings account
B. mutual fund
C. municipal bond
D. low risk stock
I think it is A.
Right!
Using the rule of 72, how long would it take to double your money, if you were receiving an interest rate of 4%?
A. 18 years
B. 4 years
C. 72 years
D. 12 years
i think it is B.
Nope.
http://www.moneychimp.com/features/rule72.htm
so 18 years
Owning stock is owning a small piece of a company.
A. true
B. false
I thin it is false
A collection of investments that is professionally managed is called a mutual fund.
A. true
B. false
i think it is true