Ask Question
BusinessBusiness
31 July, 01:25

You have decided to save money to buy a car. You would like to buy a car in the next six months. All of the following options allow you to save money. Which option is NOT a good choice for your short-term needs?

A) Savings Account

B) Checking Account

C) Money Market Account

D) Individual Retirement Account

+3
Answers (1)
  1. 31 July, 01:52
    0
    The Correct Answer is D.

    "Individual Retirement Account"

    Explanation:

    Individual Retirement Account are tax-advantaged investing tools for individuals to trademark their retirement savings The Birth of Individual Retirement Account in 1980 put the load on the Individual in managing and saving retirement Assets directly on the Individual. Individuals now had to save their own money and they had to manage their retirement plans whether to buy a car or home or any other Assets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You have decided to save money to buy a car. You would like to buy a car in the next six months. All of the following options allow you to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following lists contains only services? A. economics class, hair cut, life insurance. B. chair, dry cleaning, police protection. C. hammer, ice cream cone, house. D. shirts, car wash, computer training.
Answers (1)
Pharmaceutical companies have uncovered new scientific data that assists them in producing heart medicine more easily, thus making it cheaper for the consumer. (Heart medicine) Change in Demand? Change in Peq: Determinant: Change in Supply?
Answers (1)
Marina Inc. sells and services sailboats. On April 1, Marina financed the purchase of its entire inventory with ACE Finance Company.
Answers (1)
Everly Corporation acquires a coal mine at a cost of $400,000. Intangible development costs total $100,000.
Answers (1)
Sales $100,000 Variable Costs $60,000 Contribution Margin $40,000 Fixed Costs $30,000 Operating Income $10,000 The above financial information was the result of selling 9,101 units. What would their new operating income be if they sold 10,588 units?
Answers (1)
New Questions in Business
An airline company is interested in the opinions of their frequent flyer customers about their proposed new routes. Specifically, they want to know what proportion of them plan to use one of their new hubs in the next 10 months.
Answers (1)
Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Answers (1)
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Home » Business » You have decided to save money to buy a car. You would like to buy a car in the next six months. All of the following options allow you to save money.
Sign Up Forgot Password?