Series 7 - General Securities Representative Exam
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Rank the following investments from most appropriate for an 81 year old fixed income recipient to least.
Money Market Funds, Short-term Bond Funds, Balanced Funds, Growth Funds
A
Short-term Bond Funds, Money Market Funds, Balanced Funds, Growth Funds
B
Growth Funds, Balanced Funds, Short-term Bond Funds, Money Market Funds
C
Money Market Funds, Short-term Bond Funds, Balanced Funds, Growth Funds
D
Explanations
The correct answer is ( A ). Money market funds, short term bond funds, balanced funds, and then growth funds. Based on the investor age and financial situation, this is the best choice among the listed answers