Which of the following is true a. 401(k) plans are very risky and most peopleshould
Chapter 12, Problem 8(choose chapter or problem)
Which of the following is true? a. 401(k) plans are very risky and most peopleshould avoid putting money in them. b. Certifi cates of deposit typically pay higher interestrates than open passbook accounts. c. Money-market funds, mutual funds, certifi catesof deposit, and open passbook accounts are allinsured by the FDIC. d. Stock purchases, bond purchases, and mutualfund purchases are all equal in their riskexposure to the investor.
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