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18 October, 06:49

Which example is a common type of savings plan?

a) a mutual friend

b) a company stock

c) a government bond

d) a certificate of deposit

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Answers (1)
  1. 18 October, 10:24
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    Correct answer:

    d) a certificate of deposit

    A mutual fund (not a mutual "friend") is a fund that combines various stocks holdings in the stock market into a single account, thus spreading out the types of stock shares held.

    A company stock is also a stock market investment.

    A government bond is essentially loaning money to the government for which they pay you interest.

    A certificate of deposit is issued by a bank to a bank customer. The money deposited is placed into an account for a specified length of time at a guaranteed rate of interest.
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