Which of the following is NOT an investment product?(1.0 Marks)Mutual FundATerm PlanBExchange Traded FundCNational Pension System
Question
Which of the following is NOT an investment product?(1.0 Marks)Mutual FundATerm PlanBExchange Traded FundCNational Pension System
Solution
Term Plan is NOT an investment product. It is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid. Unlike other popular insurance products, a term insurance policy is less expensive since it does not have any cash value until the death benefit is triggered.
Similar Questions
Which of the following is NOT considered an investment product?StocksBondsEndowmentsExchange Traded Funds (ETFs)
Which of the following provide a managed investment in stocks, bonds, and other assets?Certificate of depositsMutual fundsIRA'sEmployer retirement plans
Which among the following mutual fund schemes would predominantly invest in equity shares?(1.0 Marks)Growth FundAIncome FundBLiquid FundCMoney Market Fund
Which among the following mutual fund schemes would invest in both equity and fixed income securities?(1.0 Marks)Gold Exchange Traded FundAGovernment Securities FundBBalanced FundCLiquid Fund
Fill in the Blank QuestionFill in the blank question.Certificates of deposit, government bonds, and certain mutual funds are all considered investments.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.