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

question 74

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 $3000?

• A)A one-year fixed-rate GIC earning 4 percent
• B)A common stock mutual fund earning 9 percent
• C)A savings account earning 2 percent
• D)An ETF earning 5 percent

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Definitions:

Older Workers

Individuals in the workforce who are above the usual age for retirement, typically demonstrating extensive experience and knowledge.

Older Employees

Workers who are advanced in age, often bringing extensive experience and knowledge to the workplace, but possibly facing age-related biases.

Part-Time

Employment where the worker is hired for fewer hours per week compared to full-time positions, often offering greater flexibility.

General Environmental Factors

External elements such as economic conditions, legal regulations, and cultural norms that can influence an organization's operation.