You Have $5000 Saved in Case You May Need to Replace

question 63

Multiple Choice

You have $5000 saved in case you may need to replace the furnace in your house which has been acting up.Which of the following would be the best place to put the $5000?

• A)A one-year fixed-rate GIC earning four percent
• B)A stock mutual fund which earned nine percent in the past year
• C)A term deposit earning three percent held in a TFSA
• D)A high interest savings account earning three percent

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Definitions:

Psychological Therapies

Approaches used by mental health professionals to address and treat psychological difficulties and disorders.

Stimulant Drugs

Substances that increase activity in the brain and nervous system, leading to increased alertness, attention, and energy.

ADHD Symptoms

refer to the various signs that may indicate Attention Deficit Hyperactivity Disorder, such as impulsiveness, inattention, and hyperactivity.

Neurobiological Disorder

Disorders of the nervous system that are attributed to structural, biochemical, or electrical abnormalities in the brain or other parts of the nervous system.