Question

Monitoring liquidity includes tracking your Select one: a. TFSA growth stocks. b. bond mutual funds. c....

Monitoring liquidity includes tracking your

Select one:

a. TFSA growth stocks.

b. bond mutual funds.

c. emergency funds.

d. RRSP balances.

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Homework Answers

Answer #1

(a) TFSA Growth stocks are equities in stocks investment, not liquid immediately

(b) Bond mutual funds are also market invested thus not liquid

(c) Emergency Funds are always money kept in liquid funds or saving accounts so that they are not invested but just kept for immediate withdrawal. Thus monitoring liquidity is monitoring immediate source of cash in emergency.

(d) An RRSP is a retirement savings plan that you establish, that we register, and to which you or your spouse or common-law partner contribute.thus no liquid.

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