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

long-term goal; Saving money for a house is a.: long-term goal; Saving money for a rainy day or an emergency is a.: short-term goal; Saving money for retirement is a.: long-term goal

Question 2

✔ short-term goallong-term goal

Revolt · Accepted Answer

short-term goal

Question 3

short-term goal✔ long-term goal

Revolt · Accepted Answer

long-term goal

Question 4

Question 4

Revolt · Accepted Answer

long-term investment

Question 5

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

short-term investment; Selection 1: short-term investment; Selection 2: long-term investment; Selection 3: long-term investment; Selection 4: long-term investment

Question 6

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

Revolt · Accepted Answer

liquidity, risk, time, and return

Question 7

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

Revolt · Accepted Answer

a savings account

Question 8

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

Revolt · Accepted Answer

a stock

Question 9

Question 9

Revolt · Accepted Answer

long-term investment

Question 10

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

Revolt · Accepted Answer

short-term investments

Consumer Responsibilities Answers

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