Consumer Responsibilities

Question 1

Saving money for a house is a. Saving money for a rainy day or an emergency is a. Saving money for retirement is a.

Revolt · Accepted Answer

B: long-term goal

Question 2

A savings account is an example of a. Real estate is an example of a. A US savings bond is an example of a. A 401(k) account is an example of a .

Revolt · Accepted Answer

A: short-term investment

Question 3

Which answer best shows all of the elements you need to consider when choosing an investment?

Revolt · Accepted Answer

B: liquidity, risk, time, and return

Question 4

Which type of investment would be an example of an investment at point A?

Revolt · Accepted Answer

B: a savings account

Question 5

Which type of investment would be an example of an investment at point B?

Revolt · Accepted Answer

C: a stock

Question 6

✔ short-term goallong-term goal

Revolt · Accepted Answer

A: short-term goal

Question 7

Question 7

Revolt · Accepted Answer

B: long-term investment

Question 8

What did you discuss in your response? Check all that apply.

Revolt · Accepted Answer

A: short-term investments

Question 9

short-term goal✔ long-term goal

Revolt · Accepted Answer

B: long-term goal

Question 10

Question 10

Revolt · Accepted Answer

B: long-term investment

Consumer Responsibilities Answers