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

question 3

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 $3,000?

• A) A one-year CD earning 4%
• B) A common stock mutual fund earning 9%
• C) A savings account earning 2%
• D) Shares of stock in a high-tech company that could double in 6 months

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Definitions:

Freudian Terms

Freudian Terms relate to the concepts or terminologies developed by Sigmund Freud in the field of psychoanalysis, focusing on unconscious desires, conflict resolution, and personality development.

Superego

The part of the human psyche in Freudian psychoanalytic theory that represents internalized societal norms and morals, functioning to suppress the urges of the id and to strive for moral perfection.

Id

In psychoanalytic theory, the part of the mind in which innate instinctual impulses and primary processes are manifest.

Personality Development

The growth and evolution of one's personality over time, influenced by genetics, environment, experiences, and individual choices.