James Gripka has a mutual fund that automatically takes $50 out of his checking account each month.Which suggestion for obtaining the money he needs for investing is he following?
A)taking advantage of gifts,inheritance and other windfalls
B)taking advantage of employer-sponsored retirement programs
C)participating in an elective savings program
D)making a special effort once or twice a year to save
E)using financial leverage to increase investment returns

Question

Quizplus · Accepted Answer

James Gripka is participating in an elective savings program by automatically investing $50 each month from his checking account into a mutual fund.

James Gripka Has a Mutual Fund That Automatically Takes $50