As Wealth Increases,which of the Following Is Likely to Account

question 80

Multiple Choice

As wealth increases,which of the following is likely to account for a smaller fraction of a saver's portfolio?

• A) corporate stock
• B) corporate bonds
• C) cash
• D) U.S. government securities

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Definitions:

Sole Proprietor

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Deduct Business Losses

The process of reducing taxable income by the amount of losses incurred by a business during a financial period.

Charging-Order Creditor

A creditor's legal right to attach a debtor's interest in an LLC or partnership, as a means to satisfy the debtor's outstanding obligation.

Lien Creditor

A creditor who has a legal right or claim against a debtor's property as security for a debt or charge.