You Have $10 000 to Invest Now and Can Add

question 135

Multiple Choice

You have $10 000 to invest now and can add $550 a month, have a moderate risk profile, and would like to set these funds aside for retirement in 20 years. You should

• A)put the money in a money market savings account.
• B)buy one-year GICs.
• C)buy preferred stocks with the opportunity of capital appreciation.
• D)invest in mutual funds managed by the asset allocation method.

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Definitions:

Electrochemical Impulses

Biological signals that neurons use to communicate information through an electrical charge transfer across their membrane.

Neurons

Unique cells within the nervous system that convey data to other neurons, muscles, or glands.

Communicate

To convey or exchange information, thoughts, or messages through speech, writing, or signals.

Graded Potential

Graded Potential is a variable electric potential change in neurons that decreases in magnitude with distance from the stimulus source, contrary to the all-or-none response of action potentials.