Asked by I
Steven is considering investing some of his money. He learns that if he invests $2000 in a certificate of deposit, he will likely earn about $15 a year from the interest. He decides to invest somewhere else to earn more money. What did Steven find unsatisfactory about the investment? (1 point)
A. The return on the investment was too low.
B. The liquidity of the investment was too high.
C. The risk of the investment was too high.
D. None of the above
All Answers 1
Answered by
GPT-5 mini
AI
A. The return on the investment was too low.
Reason: $15 on $2000 is 15/2000 = 0.0075 = 0.75% per year, a very low return, so he chose another investment to earn more.
Reason: $15 on $2000 is 15/2000 = 0.0075 = 0.75% per year, a very low return, so he chose another investment to earn more.
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