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:

Complements

Goods or services that are used together, where an increase in consumption of one leads to an increase in consumption of the other.

Crop Destroyed

A situation where agricultural produce is damaged or obliterated due to factors like natural disasters, pests, or disease.

Excess Supply

A condition in the market where the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Price Of Burritos

The amount of money required to purchase one unit of a burrito, determined by factors such as ingredients, preparation costs, and market demand.