Reasons for saving and investing include 1. need for funds to meet emergencies 2. retirement income 3. desire to leave an estate for children a. 1 and 2 b. 1 and 3 c. 2 and 3 d. all of the above

Question

Meadow Hanna

Business

12 June, 06:37

Reasons for saving and investing include 1. need for funds to meet emergencies 2. retirement income 3. desire to leave an estate for children a. 1 and 2 b. 1 and 3 c. 2 and 3 d. all of the above

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Fiona · Answer 1

D. All of the above

Explanation:

Saving means setting funds that you don't want to spend now for future purposes. On the other hand, investing has to do with the purchase of assets such as stocks, real estates, bonds etc. Investment in most cases makes more money for an individual, in that it generates interest at the long run.

Therefore all the reasons listed i. e (1. need for funds to meet emergencies 2. retirement income 3. desire to leave an estate for children) are all reasons for saving and investments