Multiple Choice
Money you set aside for a "rainy day fund" should be invested in ________, while money you are saving for retirement in 20 years should be invested in ________.
A) mutual funds; bond funds
B) money market funds; growth-oriented stock mutual funds
C) three-year bank CDs; 20-year bank CDs
D) preferred stock; common stock
Correct Answer:
Verified
Correct Answer:
Verified
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