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Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need this money to pay for college tuition next year. What saving and investing principle should Holly have followed? Understand your risk tolerance. Diversify. Keep investments simple. Consider how long you plan to keep your money in the investment.
Weegy: Liquidity or it could be Liquid assets. Liquid assets are those things you own that can easily be sold or turned into cash without losing value. [ These include checking accounts, money market accounts, savings accounts and cash. ] (More)
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Expert Answered
Asked 4/8/2013 12:46:41 PM
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A cash advance is _____. cash borrowed from a credit card account a bonus from the credit card company for being a good customer a loan obtained for spending money using a bonus from work to pay off credit debt
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Updated 8/5/2015 7:08:05 AM
1 Answer/Comment
A cash advance is cash borrowed from a credit card account.
Added 8/5/2015 7:08:05 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [8/5/2015 7:21:53 AM]
Each of these is a retirement account, except _____. an IRA a mutual fund a 401(k) a 403(b)
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Updated 131 days ago|7/24/2016 9:02:39 AM
1 Answer/Comment
Each of these is a retirement account, except a mutual fund.
Added 132 days ago|7/24/2016 3:05:08 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [7/24/2016 9:02:40 AM]
Carlos would like to start saving for his son’s college expenses. Which type of savings account should Carlos open? IDA money market 529 plan basic savings account
Weegy: he Best 529 College-Savings Plans Source: (More)
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Asked 4/8/2013 12:43:54 PM
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An account that earns a higher rate of interest when you make large deposits is _____. an IDA a basic savings account a money market a savings account at a credit union
Weegy: A money market account is an account that earns a higher rate of interest when you carry a larger balance, resulting from large deposits. (More)
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Asked 4/8/2013 12:45:13 PM
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