If You Have $3000 to Invest, but Could Need the Money

question 68

Multiple Choice

If you have $3000 to invest, but could need the money at any time in the next year, you should

• A)put the money in a money market savings account.
• B)buy a one-year closed GIC.
• C)buy common stocks.
• D)invest in a diversified stock mutual fund.

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Definitions:

Possesses

To have or hold property, items, or qualities, indicating ownership or control over such.

Receive

The act of accepting or taking possession of something that has been given, sent, or awarded to someone.

Destination Contracts

Contracts specifying that the seller is responsible for the delivery of goods to a specific destination.