Customer AccountsPregunta 88 de 110
A customer wants to park six months of living expenses where the money is safe and available on short notice. Which fund best matches that objective?
a.A high-yield corporate bond fund
b.An aggressive growth fund
c.A money market fund
d.A long-term government bond fund
Explicación
Money market funds emphasize preservation of principal and same-day or next-day liquidity, which fits an emergency reserve. High-yield bonds carry substantial credit risk and growth funds substantial market risk. Long-term government bonds have little credit risk but significant interest rate risk, so their value can fall when the money is needed.
Referencia Legal: FINRA RulesPractica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Before recommending a variable annuity to a retail customer, a representative must have a reasonable basis grounded in which information?
- A 72-year-old retiree needs to draw income from a $60,000 lump sum within the next 12 months and has no other liquid savings. Which recommendation is least suitable?
- A 28-year-old contributing monthly to an IRA states that the goal is maximum long-term growth and that no withdrawals are planned for 30 years. The most appropriate recommendation is:
- Which statement about the new account form for a retail cash account is correct?
- A representative learns that an individual account holder has died. The representative should:
- When a customer submits a transfer instruction to move an account from one broker-dealer to another through the automated transfer system, the carrying firm must:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos