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
Correct Answer:
Verified
Correct Answer:
Verified
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Q2: When the Federal Reserve wishes to _
Q4: A nondepository institution facilitating transactions in stocks
Q5: An example of a depository financial institution
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Q9: Which of the following is not a
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Q11: A _ is a check that is