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28 September, 01:45

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

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Answers (1)
  1. 28 September, 04:11
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    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.
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