Funds Invested in Savings Accounts and Certificates of Deposit (CDs)

question 156

True/False

Funds invested in savings accounts and certificates of deposit (CDs) have traditionally outperformed stocks as a means of generating long-term financial gains.

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Definitions:

Ability to Succeed

The possession of necessary skills, resources, or qualities that enable an individual or organization to achieve set goals or objectives.

Formal Business Plans

Detailed documents that outline the operational and financial objectives of a business, including its strategies for achieving these goals.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture, often bringing innovative products or services to the market.

Personal Credit History

A record of an individual's past borrowing and repayment activity, often used by lenders to assess creditworthiness.