Wanda Clark Expects Interest Rates to Decline in the Next

question 72

Multiple Choice

Wanda Clark expects interest rates to decline in the next few months. Which of the following options would most likely give her the best return?

• A)A two-year uncashable GIC
• B)A six-month guaranteed investment certificate
• C)A money market account.
• D)A high interest savings account.

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Definitions:

Fluid-filled Cushion

A protective layer or structure within the body comprised of fluid, providing support or absorbing shock, common in joint and tissue spaces.

Articulating Surface

The surface of a bone that makes contact with another bone, allowing for joint movement.

Synovial Membrane

A specialized connective tissue that lines the inner surface of capsules of synovial joints, secreting synovial fluid for lubrication.

Cruciate Ligament

One of the major ligaments in the knee, crucial for stabilizing the joint, including both the anterior and posterior varieties.