The interest paid on which type of loan is not tax deductible?

Multiple Choice

• Home equity loan interest for home improvements

• Credit card interest

• Mortgage interest to buy a home

• Mortgage interest to build a home

• Investment interest up to the amount of investment income

oan Martin expects interest rates to decline over the next few months. To achieve her long-term financial goals, she will trade off liquidity for a higher return by using a:

Multiple Choice

• regular savings account.

• interest-bearing checking account.

• five-year certificate of deposit.

• money market account.

• money market fund.

A certificate of deposit usually has:

Multiple Choice

• earnings based on fluctuating market interest rates.

• no set time period.

• a penalty for early withdrawal of funds.

• a variable rate of return.

• no minimum deposit amount.