Which of the Following Can You Use to Fund a Roth

question 92

Multiple Choice

Which of the following can you use to fund a Roth IRA?

• A) Writing a check and mailing it to the financial institution.
• B) Initiating an electronic payment to the investment company from your financial institution (i.e., bill pay, wire transfer, etc.).
• C) Authorizing the investment company to pull the money out of your bank account.
• D) All of these answer choices are correct.

---

Definitions:

Non-Interest Bearing

refers to financial instruments or accounts that do not earn or involve the payment of interest, such as certain loans or bonds.

Notes Receivable

Financial assets representing amounts owed to the holder by others, typically arising from selling goods or services on credit.

Long-Term Credit Sales

Sales made on credit with repayment terms extending beyond the standard period, typically over a year or more.

Profitable Credit Sales

Sales made on credit that generate a profit for the company, after accounting for the cost of goods sold and other expenses related to the sale.