Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

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Multiple Choice

A _________ account is an account you use to buy investments like stocks, bonds, and mutual funds.

savings

brokerage

checking

retirement

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Verified step by step guidance

Understand the concept of different types of accounts: Savings accounts are typically used for storing money and earning interest, checking accounts are used for daily transactions, and retirement accounts are designed for long-term savings with tax advantages.

Learn the purpose of a brokerage account: A brokerage account is specifically used to buy and sell investments such as stocks, bonds, mutual funds, and other securities.

Compare the options provided in the question: Savings, checking, and retirement accounts do not directly facilitate the purchase of investments like stocks and bonds. Brokerage accounts are designed for this purpose.

Identify the correct answer based on the definition and purpose of a brokerage account: The correct answer is 'brokerage' because it matches the description provided in the question.

Review the reasoning behind the answer: Ensure you understand why a brokerage account is the correct choice and how it differs from savings, checking, and retirement accounts in terms of functionality.