19
practice testMultiple Choice

Practice Test

Question 19 • Personal Finance and Economics

Which is an example of a short-term investment?

Answer
A
retirement fund
B
savings account
C
savings bond
D
checking account

Explanation

A savings account is commonly used to keep money accessible for near-term needs while earning some interest, so it is an example of a short-term investment. A retirement fund is intended for long-term goals, and savings bonds are generally held for longer periods. A checking account is mainly for everyday spending rather than investing.

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