Eduprobe
Question:
Which one of the following refers to investment?
The money spent on religious ceremonies
The money spent to buy assets such as land
The money spent on social customs
The money spent on household goods
Solution:
Investing is an essential part of wealth-creation, which helps you beat inflation to fulfil your financial goals and also stabilise your financial future. Instead of letting money lie idle in your bank accounts, you can invest in different avenues like stocks, equities, mutual funds, fixed deposit, or more. The money spent to buy assets such as land is an example of investment. The correct answer is B.