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bekas
3 months ago
5

Determine whether each action is an example of saving or investing: Putting $20 per paycheck into an account to help pay for boo

ks during college Contributing 3% of your paycheck to a 401(k) plan offered through your job Buying shares of stock in your favorite clothing company Giving your cousin $5000 to help start his business, in exchange for 5% of his monthly profits Depositing your annual income tax return into an account until you have enough to buy a car
Business
1 answer:
arsen [3.4K]3 months ago
5 0

Response:

Setting aside $20 from each paycheck into an account designated for purchasing books during college - SAVING

Allocating 3% of your earnings to a job-sponsored 401(k) plan - SAVING

Investing in stock from your preferred clothing brand - INVESTING

Lending your cousin $5000 to aid in starting his business, with the condition of receiving 5% of his monthly earnings - INVESTING

Putting your annual tax refund into savings until you can afford a car - SAVING

Clarification:

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