Having struggled to save money for his retirement, Ahmed is wary of risky investments. He'd rather earn a low rate of return than risk losing money on the investment. Based on this information, which investment would be the most appropriate for Ahmed?

Question

Quizplus · Accepted Answer

A guaranteed investment certificate (GIC) is a low-risk investment option that provides a guaranteed return at a fixed rate. It is a safe option, and while the return may not be high, it will protect Ahmed's savings from loss. Blue-chip stocks, derivatives, and municipal bonds all involve varying levels of risk and may not be suitable for Ahmed's risk tolerance.

Having Struggled to Save Money for His Retirement, Ahmed Is