Question

Suppose you saved $1,000 toward the purchase of a car. Which type of saving plans would be the best for this money until you are ready to use it? Why?

Answer 1

If the options are a.) stocks, bonds, and mutual funds. b.) employer sponsored retirement plans. c.) individual retirement accounts

then ur saved $ for buying a car should be put in a) cuz' taking $ out of b) n c) before retirement will have penalties.

Answer 2

Ans is a. stocks, bonds, and mutual funds as they are more "liquid" than the other two options