As a person's wealth increases,which of the following portfolio holdings is likely to increase the least?
A) checking account
B) stocks
C) money market fund
D) bonds

Question

Quizplus · Accepted Answer

As a person's wealth increases, it is likely that they will invest more in stocks, money market funds, and bonds as opposed to keeping a large amount of money in a checking account. Therefore, the portfolio holding that is likely to increase the least is a checking account.

As a Person's Wealth Increases,which of the Following Portfolio Holdings