Question

can anyone help please ?

As an eighth grader, Marliss wins an art competition, and her prize is one thousand dollars. She wants to invest the money for her college fund. Which of these would be a good option?

A savings bond

An IRA

Futures

Stocks

Answer 1

Since Marliss has a while before college, Stocks would be the best option.

Answer 2

Yes, Stocks would be the best options.

Usually one would choice between stock choice and a savings bond, but with the savings bond (now-a-days) you could only get 5% return, with stocks youd get a significantly higher return.

Answer 3

Post this to the Economics group next time :)

Answer 4

@Ashleyisakitty how do i post it on the economics group?

Answer 5

There are different section for people to post their questions in according to subject.

Post your ECO questions here

http://openstudy.com/study#/groups/Economics%20-%20Financial%20Markets

btw -- I take ECO right now too :)

Answer 6

@Ashleyisakitty omg thank you so much and im on myfinal exam right now and its so difficult to me,do you think you can help me with a few more questions?

Answer 7

If the economy is in decline, and the Federal Reserve wants to encourage banks to lend to consumers, which step will the Fed likely take?

Encourage the sale of government securities.

Decrease the discount rate.

Increase the federal funds rate.

Raise the prime rate.

Answer 8

@Ashleyisakitty

Answer 9

HI I was wondering if you found the answer for this

Answer 10

I don't know what the correct answer is, but I put C (Increase the federal funds rate) and got it wrong.