James Gray has a mutual fund that automatically takes $50 out of his paycheck each month.Which suggestion for obtaining the money he needs for investing is he following?
A)Taking advantage of gifts,inheritance and other windfalls
B)Taking advantage of employer-sponsored retirement programs
C)Participating in an elective savings program
D)Making a special effort once or twice a year to save
E)Using financial leverage to increase investment returns

Question

Quizplus · Accepted Answer

James Gray is participating in an elective savings program by having a set amount automatically deducted from his paycheck each month for investment purposes.

James Gray Has a Mutual Fund That Automatically Takes $50