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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
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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

User Helen K
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2 Answers

1 vote

Answer:

D

Step-by-step explanation:

User Aleksandr Erokhin
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4 votes

Answer:

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.
User Robertbasic
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