Income securities are used primarily to
A) Invest in retirement planning.
B) Supplement current income.
C) Shelter current income from taxes.
D) Defer interest income to a later date.
E) None of the above.

Question

Quizplus · Accepted Answer

Income securities are investments that are designed to provide a steady stream of income to the investor. They are commonly used for purposes of supplementing current income. Retirement planning and tax sheltering can be additional benefits of investing in income securities, but they are not the primary purpose. Deferring interest income to a later date is not a common strategy for investing in income securities.

Income Securities Are Used Primarily to