Which of the following is an instrument where you are lending your money to a ba

Question

Which of the following is an instrument where you are lending your money to a bank for a specific period of time (such as six months or a year)? Certificate of Deposit Savings Bond Savings Account Money Market Account Which of the following is not true for a 401(k) plan? It is a defined benefit plan Any money you put in it is not counted as taxable income If you take any money out of it prior to age 59.5, you must pay taxes on the withdrawal plus a 10% penalty If you take any money out if it after age 59.5, you must pay taxes on the withdrawal. Dollar Cost Averaging describes which of the following? Investing the same number of dollars each month Determining the rate of return you earned on your investment Budgeting a specific amount of money for your monthly purchases Calculating your monthly mortgage payment Which of the following is not included in a mutual fund's expense ratio? Front end load Management fees 12b-1 expenses Records fees

Explanation / Answer

Answer 17 : Answer 'A' is correct. That is certificate of Deposit. Certificate of Deposit is a certificate given by bank to an investor for money deposit for a certain period.

Answer 18 : Answer 'B' is correct. That is any money you put in it is not counted as taxable income. Because There is some limitiation for contribution.

Answer 19 : Answer 'A" is correct. That is investing the same number of dollars each month.

Answer 20 : Answer "A" is corrext. That is Front End Load. because it is directly paid by the investor.

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