Having money taken automatically from your paycheck and put into a mutual fund is an example of

Question

Quizplus · Accepted Answer

The scenario described is an example of an automatic investment plan, where funds are automatically deducted from a paycheck and invested into a mutual fund at regular intervals. Option B refers to the reinvestment of dividends into the same mutual fund, option C is the opposite of automatic investment plan as funds are withdrawn at regular intervals, and option D refers to the option to convert certain securities into another.

Having Money Taken Automatically from Your Paycheck and Put into a Mutual