Households are increasingly likely to both directly purchase securities (perhaps via a broker) and also place some money with a bank or thrift to meet different needs. Match up the given investor's desire with the appropriate intermediary or direct security.
I. Money likely to be needed within 6 months
II. Money to be set aside for college in 10 years
III. Money to provide supplemental retirement income
IV. Money to be used to provide for children in the event of death
1) Depository institutions
2) Insurer
3) Pension fund
4) Stocks or bonds

Question

Quizplus · Accepted Answer

Depository institutions are suitable for short-term needs (I). Stocks or bonds are appropriate for long-term goals like college savings (II). Pension funds are used for retirement income (III). Insurers provide for children in the event of death (IV).

Households Are Increasingly Likely to Both Directly Purchase Securities (Perhaps