Why can't a target date index fund be placed in a checking or savings account?

Understanding Investment Accounts and Funds

Interactive Video
•
Business, Life Skills
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They are not recognized by banks.
They are too expensive.
They can only hold cash.
They are not secure enough.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key difference between a savings account and a brokerage account?
Savings accounts have no fees.
Brokerage accounts are only for businesses.
Savings accounts offer higher interest rates.
Brokerage accounts can hold investments.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of brokerage account?
Roth IRA
Credit union account
401k
Taxable brokerage account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a primary benefit of a Roth IRA?
No contribution limits
Higher interest rates than savings accounts
Tax-free growth on investments
Unlimited investment options
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the layers of investing, what is at the core?
Index funds
Stocks
Brokerage accounts
Mutual funds
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do index funds relate to IRAs in the investment layers?
Index funds go inside IRAs for tax benefits.
IRAs are a type of index fund.
They are unrelated.
Index funds are a type of IRA.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What analogy is used to explain the relationship between a Roth IRA and an index fund?
A computer and its software
A shoe and a sock
A book and its cover
A car and its engine
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