4
QuizMultiple Choice

Net Worth

Question 4 • 26-27 RPA Financial Math - MA2007 IC

The amount of money invested in a retirement fund is an example of which of the following?

Answer
A
investment asset
B
liquid asset
C
long term asset
D
use asset

Explanation

Money invested in a retirement fund is an investment asset because it is placed in an account or investment with the goal of growing in value over time. It is not a liquid asset, since retirement funds may be restricted or costly to withdraw before retirement.

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