To Get the Better Rate on an Emergency Fund Investment

question 68

Multiple Choice

To get the better rate on an emergency fund investment you should invest in a

• A)five-year cashable GIC.
• B)one-year non-cashable GIC.
• C)money market fund.
• D)one-year Canada Premium Bond.

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Definitions:

Statutorily Secured Monopoly

A monopoly status granted and protected by law to a company, often due to the nature of the industry or service it provides.

Useful New Devices

Innovations or inventions that offer a new utility, often eligible for patent protection.

Fraudulent Marketing

The act of promoting products or services using deceptive, misleading, or false statements to lure consumers into purchasing.

Palming Off Goods

A deceptive practice where a seller misrepresents the origin, quality, or brand of a product to pass it off as another’s.