14. By using credit wisely, you minimize the drain on:

securities liquid assets living conditions fixed assets all of the above

15. Which of the following types of investments are not insured by FDIC?

Passbook savings Certificates of deposit Checking accounts Money market mutual funds None of the above are insured

16. Which of the following investments are fixed with respect to the rate of return they pay?

Treasury bills/bonds Certificates of deposit Savings accounts Municipal bonds All of the above are fixed investments

17. Holders of common stock have ownership rights?

True False

18. Growth stocks typically do not pay dividends so they can maintain or accelerate their growth by reinvesting the earnings in the company?

True False

19. Tax reduction is a reason for purchasing a mutual fund

True False