Directions: A. On the space provided, write TRUE if the idea being expressed is correct and FALSE otherwise. 1. investments generally earn passive income 2. Time deposit accounts do not earn interest. 3. Banks issue bank statement on savings deposit accounts. 4. Insurance are set up for some specific purpose at some certain time in the future. 5. Mutual funds generally earn more than savings account.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 3MCQ
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True or False (please refer to the picture)
T OPIC: TYPES OF INVESTMENT
Directions: A. On the space provided, write TRUE if the idea being expressed is correct and FALSE if
otherwise.
1. investments generally earn passive income
2. Time deposit accounts do not earn interest.
3. Banks issue bank statement on savings deposit accounts.
4. Insurance are set up for some specific purpose at some certain time in the future.
5. Mutual funds generally earn more than savings account.
Transcribed Image Text:T OPIC: TYPES OF INVESTMENT Directions: A. On the space provided, write TRUE if the idea being expressed is correct and FALSE if otherwise. 1. investments generally earn passive income 2. Time deposit accounts do not earn interest. 3. Banks issue bank statement on savings deposit accounts. 4. Insurance are set up for some specific purpose at some certain time in the future. 5. Mutual funds generally earn more than savings account.
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