Interest income would come from earnings on
A)stocks.
B)term deposits.
C)RESPs.
D)sale of mutual funds.

Question

Quizplus · Accepted Answer

Interest income is typically earned on fixed income investments such as term deposits, bonds, and GICs. Stocks and mutual funds may earn dividends or capital gains, but not interest income. RESPs may earn both interest and dividends, but it is not specified which type of earnings is being referred to in this question.

Interest Income Would Come from Earnings on