Lucky Louie has $10,000 that he wants to invest for 3 years but wants to take no risk on the investment. His best course of action would be to

Question

Quizplus · Accepted Answer

Both a 3-year Treasury note and a 3-year Certificate of Deposit (CD) at a bank are considered low-risk investments. Treasury notes are backed by the U.S. government, making them very secure, while CDs offer fixed interest rates and are insured by the FDIC up to certain limits, also making them a safe choice for preserving capital.

Lucky Louie Has $10,000 That He Wants to Invest for 3