You Have $3,000 That You May Need Any Day to Replace

question 3

Multiple Choice

You have $3,000 that you may need any day to replace the furnace in your house. Which of the following would be the best place to put the $3,000?

• A) A one-year CD earning 4%
• B) A common stock mutual fund earning 9%
• C) A savings account earning 2%
• D) Shares of stock in a high-tech company that could double in 6 months

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Definitions:

Psychosocial Functions

Aspects of psychological development influenced by social experiences, affecting an individual’s social and interpersonal relationships.

Mentor

An experienced and trusted advisor who provides guidance, support, and development opportunities to less experienced individuals.

Mentoring Relationship

A dynamic, reciprocal relationship in a work environment between an advanced career incumbent (mentor) and a beginner (mentee), aiming to promote the development of both.

Phases

Distinct periods or stages in a process of change or development.