Eric has 1000 and would like to use it to start a savings, Financial Management

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Eric has 1000 and would like to use it to start a savings

1. Eric has $1,000 and would like to use it to start a savings program. He will add to the program regularly by investing $50 per month in a liquid account. Which of the following types of accounts would be most appropriate in this situation?

a. Series EE savings bonds

b. Money market deposit account

c. Certificates of deposit

d. U.S. Treasury bills

e. NOW account

2. Your average tax rate is your

a. adjusted gross income divided by tax withheld.

b. tax liability divided by gross income.

c. tax liability divided by taxable income.

d. taxable income divided by tax withheld.

e. gross income divided by tax refund.

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Financial Management: Eric has 1000 and would like to use it to start a savings

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