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
are my answers right or wrong
One of your true-false answers is wrong.
is it the first one
the first one is true
Yes. The first one is true.
Loans to companies, cities, or states that usually pay a specified interest rate are called:
A. stocks
B. bonds
C. mutual funds
D. money markets
i think it is C
Which of the following is NOT an advantage of buying mutual funds?
A. You can start with a small amount
B. You reduce your risk
C. You always make money
D. You have a variety of companies
i think it is A
Both of these are wrong.
okay it is B bonds
and D you have a variety of companies