Which of the following statements about investments is true?
A) As income increases, the need for investment planning decreases.
B) Keeping money idle is a form of investment.
C) Higher returns on investment will lead to the accumulation of less wealth.
D) Investment is measured by the amount of debt incurred.
E) The length of time for which money is invested is important.

Question

Quizplus · Accepted Answer

The length of time for which money is invested is important as it determines the amount of return or profit that can be earned. The longer the money is invested, the more time it has to grow and accumulate wealth. Choices A, B, C, and D are all false statements.

Which of the Following Statements About Investments Is True