7
QuizMultiple Choice

Unit Test — Unit test

Question 7 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should

Answer
A
keep her money in a checking account for easy access.
B
invest in US savings bonds because of its short term.
C
invest in a commodity because of its low risk.
D
keep her money in a savings account for easy access.

Explanation

Julie needs to keep her money accessible for a car purchase, while also earning some interest as she saves. A savings account offers easy access and typically earns more interest than a checking account. U.S. savings bonds and commodities may not be suitable when she needs the money soon; commodities also carry substantial risk.

AI-written and checked against the verified answer.

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