4
QuizMultiple Select

Investing and Financial Markets — Unit test

Question 4 • Personal Finance - EL3403

Which of these investments may be long term? Choose four answers.savings accountsmutual fundsbondsretirement fundscommodities

Answer
A
savings accounts
B
mutual funds
C
bonds
D
retirement funds
E
commodities

Explanation

Long-term investments are typically held for years to build wealth or meet future goals. Mutual funds, bonds, retirement funds, and commodities may all be held as long-term investments. Savings accounts are more commonly used for short-term needs or emergency savings, so they are not one of the four choices.

AI-written and checked against the verified answer.

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