You have $3,000 to invest,but will need the funds in a year to make a tuition payment.You should
A) put the money in a money market savings account.
B) buy a one-year CD.
C) buy stocks of relatively stable firms that have low risk.
D) invest in a diversified stock mutual fund.
Correct Answer:
Verified
Q88: An initial public offering (IPO)is characterized by
Q90: One of the factors involving risks of
Q101: You can reduce your risk by
A) diversifying
Q115: To earn the highest possible return in
Q117: If you have $1,000 to invest, but
Q121: The Internet should be used for all
Q122: Describe how the decision to invest in
Q123: The risk-return relationship means
A) the lower the
Q124: You have $10,000 to invest and would
Q125: Examples of common investment mistakes covered in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents