7
QuizMultiple Choice

Investing and Financial Markets — Unit test

Question 7 • Personal Finance - EL3403

Which is an example of a short-term investment?

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

Explanation

A savings account is a short-term place to keep money while earning a small amount of interest, and the money is generally easy to access. A retirement fund is meant for long-term investing, while a checking account is mainly for everyday payments rather than earning investment returns.

AI-written and checked against the verified answer.

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