QUESTION 8 Money set aside for unforeseen circumstances is often referred to as a (an): a. emergency fund b. savings account c. bank account d. loan QUESTION 9 Which type of risk refers to when you cannot sell something you own because of a weak market? a. Inflation risk b. Business risk c. Interest rate risk d. Liquidity risk QUESTION 10 Who may contribute to an IRA? a. A retiree who only receives social security benefits. b. A full-time student with student loans. c. A non-working wife whose spouse is unemployed. d. A child who is paid for online promotions of baby formula. Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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Step 2: The type of risk that refers to when you cannot sell something you own because of a weak market is liquidity risk. Step 3: Only a non-working wife whose spouse is unemployed may contribute to an IRA. **The answers are: Show more…
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