One Type of Investment That Would Not Be Suitable for Marketable

question 92

Multiple Choice

One type of investment that would not be suitable for marketable securities would be:

• A) bankers' acceptances
• B) short-term notes of U.S. government agencies
• C) negotiable CD's
• D) mortgages

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Definitions:

Uniform Transfers to Minors Act

A statute that allows minors to receive gifts or inheritance in a custodianship until they reach a certain age.

Minor

An individual under the legal age of majority, typically 18 years, who has limited legal rights and responsibilities.

Accession

The acquisition of property by its incorporation or union with other property.

Personal Property

Property that is movable, as opposed to real estate. It includes items like furniture, vehicles, and electronic devices.