An Individual Retirement Account Is an Example of A(n) ____________

question 37

Multiple Choice

An individual retirement account is an example of a(n) ____________ asset.

• A)liquid
• B)common
• C)investment
• D)household
• E)budgeted

---

Definitions:

Equity

The value of an ownership interest in property or a business, minus liabilities; in finance, it often refers to stocks or shares representing ownership in a corporation.

Financing

The process of providing funds for business activities, making purchases, or investing.

Venture Capitalist

An investor who provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets.

Demoted

The act of reducing someone's rank, status, or position as a punitive measure or due to organizational restructuring.