Which of the Following Is Advisable When Other Savings Strategies

question 16

Multiple Choice

Which of the following is advisable when other savings strategies fail?

• A) Place money in accounts that have penalties for early withdrawals such as pension accounts, tax deferred annuities, or life insurance policies.
• B) Contract for a house and undertake large monthly mortgage payments.
• C) Sell one's home and replace with a smaller home, to free up cash flow for savings.
• D) Both a and b.
• E) Both a and c.

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Definitions:

Public Relations

The practice of managing and disseminating information from an individual or an organization to the public to influence their perception.

Crisis Communication

Strategies and efforts used by organizations to communicate effectively during times of crisis to manage public perception and maintain trust.

Exchange

The act of giving one thing and receiving another in return, commonly used in the context of financial markets or trading goods and services.

Brands

Names, terms, designs, symbols, or any other features that distinguish one seller's goods or services from those of other sellers.