When You Begin to Save for Retirement and General Wealth

question 37

Multiple Choice

When you begin to save for retirement and general wealth building, it is wise to invest in mutual funds because

• A) they provide instant diversification.
• B) they are less expensive than brokers.
• C) they generally do not decrease in value.
• D) All of the above are correct.

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Definitions:

Upper-Middle-Class

A social group characterized by high educational attainment, professional careers, and relatively high income, typically above the median for the society in which they live.

Lower-Class

A socioeconomic stratum characterized by low incomes, limited access to resources, and fewer opportunities for upward mobility.

Gay Identity

The personal and social identification of oneself as being gay, including the acceptance and expression of one's sexual orientation towards the same sex.

Stigmatized Identity

A social identity that is devalued or discredited in a particular social context, leading to discrimination or exclusion.