James Gripka Has a Mutual Fund That Automatically Takes $50

question 82

Multiple Choice

James Gripka has a mutual fund that automatically takes $50 out of his checking account each month.Which suggestion for obtaining the money he needs for investing is he following?

• A)taking advantage of gifts,inheritance and other windfalls
• B)taking advantage of employer-sponsored retirement programs
• C)participating in an elective savings program
• D)making a special effort once or twice a year to save
• E)using financial leverage to increase investment returns

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Definitions:

Low Income Housing

Housing units that are affordable for individuals or families with low yearly income, often supported by government programs.

Commute

The process of traveling between one's place of residence and place of work or study.

P-value

The probability of obtaining a test statistic at least as extreme as the one observed, assuming the null hypothesis is true.

Null Hypotheses

A statement in statistical analysis that proposes there is no significant effect or difference between specified populations or variables.