When You Begin to Save for Retirement and General Wealth

question 37

Multiple Choice

When you begin to save for retirement and general wealth building, it is wise to invest in mutual funds because

• A) they provide instant diversification.
• B) they are less expensive than brokers.
• C) they generally do not decrease in value.
• D) All of the above are correct.

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Definitions:

Income Inequality

The uneven allocation of income across a population, resulting in differences in wealth and standards of living.

Moral Consent

The agreement or acceptance of certain moral principles or behaviors by an individual or group, often considered a basis for social cohesion.

Power

The ability or capacity to influence or control the behavior of others, the course of events, or the distribution of resources within a social or organizational setting.

Authority

The recognized power or right of an individual or organization to make decisions, direct others, and enforce obedience.