Which of the Following Statements Regarding Individual Retirement Accounts (IRAs)is

question 51

Multiple Choice

Which of the following statements regarding individual retirement accounts (IRAs) is (are) true?
I.If an individual's only income during the year is from investments,he or she cannot make an IRA contribution.
II.IRA contributions can be invested in stocks,bonds,and mutual funds.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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