All of the Following Would Be Considered a Positive Addition

question 162

Multiple Choice

All of the following would be considered a positive addition to household wealth except

• A)the equity in one's home.
• B)500 shares of Google stock.
• C)the balance in your savings account.
• D)a credit card balance.

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Definitions:

Savings Accounts

Bank accounts that earn interest over time, allowing individuals to save money for future use.

Checking Accounts

Bank accounts that allow for easy access to funds through checks, debit cards, and electronic transfers.

Cash Equivalents

Cash equivalents are highly liquid investment securities with maturities of three months or less, making them almost as liquid as cash itself.

Time Deposits

Banking products that hold a fixed amount of funds for a specified period of time, earning interest, such as CDs.