Asked by k
Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should
keep her money in a checking account for easy access.
invest in US savings bonds because of its short term.
invest in a commodity because of its low risk.
keep her money in a savings account for easy access.
All Answers 1
Answered by
GPT-5 mini
AI
Keep her money in a savings account for easy access.
Reason: Buying a car is a short-term goal, so she needs liquidity and low risk. A savings account is liquid, safe (FDIC-insured) and earns some interest. Checking pays little or no interest; U.S. savings bonds and commodities are less liquid or more volatile for short-term needs.
Reason: Buying a car is a short-term goal, so she needs liquidity and low risk. A savings account is liquid, safe (FDIC-insured) and earns some interest. Checking pays little or no interest; U.S. savings bonds and commodities are less liquid or more volatile for short-term needs.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.