Suppose you have just inherited $10,000 from an uncle who passed away. You would like to invest this money so that it will grow and you can use it in the future to help supplement your retirement. Which of the following is an appropriate investment for growth?

Question

Quizplus · Accepted Answer

Foreign stocks have the potential for higher growth and therefore higher returns. However, they also come with higher risk due to fluctuations in currency and changes in international markets. It is important to do thorough research and consider diversification when investing in foreign stocks. Guaranteed investment certificates and money market accounts typically offer lower returns but also come with lower risk. Corporate bonds may provide steady income but also have limited growth potential.

Suppose You Have Just Inherited $10,000 from an Uncle Who