A ________ mutual fund is a good investment for "rainy day" funds, while a ________ mutual fund is a good type of investment for funds earmarked for retirement in 25 years.

Question

Quizplus · Accepted Answer

A money market mutual fund is suitable for "rainy day" funds due to its high liquidity and lower risk, making it accessible and safer for short-term needs. A global growth mutual fund, on the other hand, is suitable for long-term investment goals like retirement due to its potential for higher returns over a longer period, albeit with higher risk.

A ________ Mutual Fund Is a Good Investment for "Rainy