Eric Has $1,000 and Would Like to Use It to Start

question 132

Multiple Choice

Eric has $1,000 and would like to use it to start a savings program.He will add to the program regularly by investing $50 per month in a liquid account.Which of the following types of accounts would be most appropriate in this situation?

• A)Series EE savings bonds
• B)Money market deposit account
• C)Certificates of deposit
• D)U.S. Treasury bills
• E)NOW account

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Definitions:

Metacognition

Awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Control Process

A method of regulation that guides activities toward achieving goals or standards.

Pragmatics

The study of how context influences the interpretation of meaning in language, including the use of language in social contexts and the understanding of indirect and implied meanings.

Metacognition

The recognition and comprehension of an individual's own cognitive activities, commonly known as "thinking about thinking."