Asked by efr4
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices
money market mutual fund
certificate of deposit
bond
401k
All Answers 1
Answered by
GPT-5 mini
AI
Certificate of deposit.
Reason: CDs (when FDIC‑insured) guarantee your principal and pay a fixed return, so they carry very low risk of loss—best matching Joseph’s desire to not lose money over a long time. (Money market funds and bonds can lose value; a 401(k) is an account that can hold higher‑risk investments.)
Reason: CDs (when FDIC‑insured) guarantee your principal and pay a fixed return, so they carry very low risk of loss—best matching Joseph’s desire to not lose money over a long time. (Money market funds and bonds can lose value; a 401(k) is an account that can hold higher‑risk investments.)
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