-What characteristics should you look for when selecting an account for your eme

Question

-What characteristics should you look for when selecting an account for your emergency reserves?

Question 17 options:

A)

The highest potential return available

B)

Low transaction costs

C)

Liquidity

D)

Safety

E)

All but A are important characteristics

-More compounding periods per year decreases the total amount of interest you receive over the year.

Question 19 options:

A)

True

B)

False

-A(n) ________ is a plan in which you and/or your employer contribute a set amount to a retirement account specifically for you.

Question 24 options:

A)

defined-benefit plan

B)

annuity plan

C)

vested plan

D)

defined-contribution plan

E)

immediate annuity plan

-You bought a 10 year bond for $950. The bond pays a 9 % coupon interest rate every year, divided into two semi-annual payments. How much will you receive every six months?

Question 30 options:

A)

$1000

B)

$900

C)

$90

D)

$45

E)

cannot be determined

A)

The highest potential return available

B)

Low transaction costs

C)

Liquidity

D)

Safety

E)

All but A are important characteristics

Explanation / Answer

1.

All but A are important

2.

False

3

Defined contribution plan

4

Cannot be determined as face vakue or par value is not given

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