Lee is thinking about stashing some of his savings in a short-term investment, but he doesn’t want to invest if a minimum amount is required. Which is his BEST option?

(1 point)
Responses

savings account

savings account

money market account

money market account

certificate of deposit

certificate of deposit

treasury bills

1 answer

The best option for Lee, considering that he doesn't want to invest if a minimum amount is required, would likely be a savings account. Savings accounts typically have low or no minimum deposit requirements, making them a suitable choice for someone looking to stash their savings without the pressure of meeting a minimum investment threshold.

While money market accounts may also have low minimums, they usually require a higher minimum balance than standard savings accounts. Certificates of deposit (CDs) generally require a minimum deposit, and treasury bills typically involve a minimum investment as well.