Tammy and Richard have $100 a month automatically transferred from their checking account to their mutual fund account.This is an example of
A)dollar-cost averaging.
B)making installment payments.
C)scrimping each month.
D)saving windfalls.

Question

Quizplus · Accepted Answer

This is an example of dollar-cost averaging, which involves investing a fixed amount of money at regular intervals, regardless of market conditions. This strategy can help smooth out the ups and downs of the market and potentially result in long-term gains.

Tammy and Richard Have $100 a Month Automatically Transferred from Their