Here's a practice question similar to what you might see at the Series 7 Exam testing center:
Your customer has $60,000 that she would like to invest for her son's education. Her son is 9 and so far has shown little interest in academics. The customer wants tax-deferred growth but does not want her son to be able to use the money if he chooses not to go to college. Your customer should invest in or through a
A. UTMA account
B. Coverdell Education Savings Account
C. 529 Plan
D. Mutual Fund
Not sure? Click the video below to see a step-by-step explanation:
Series 7 Help?