Jack Has Managed to Save $1,000 and Wants to Start

question 69

Multiple Choice

Jack has managed to save $1,000 and wants to start investing. The financial markets make him nervous as he has very limited financial resources. Which one of the following types of funds is probably best for Jack at this time?

• A)sector
• B)aggressive growth
• C)social conscience
• D)high yield
• E)balanced

---

Definitions:

Economic Costs

The total cost of choosing one action over others, representing both the direct and opportunity costs.

Valuing Diversity

The recognition and appreciation of the differences in culture, background, and perspective among individuals within a group.

Racial Group

A categorization of humans based on shared physical or social qualities into groups considered to be distinct by society.

Cultural Group

A collection of individuals who share common cultural, religious, or ethnic backgrounds.