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?
-savings account
-money market account
-certificate of deposit
-treasury bills
1 answer
Lee's best option would be a savings account. Savings accounts typically do not have a minimum deposit requirement and offer easy access to funds when needed. Money market accounts and certificates of deposit often have minimum deposit requirements, while treasury bills are typically purchased through brokerages and may also have minimum investment requirements.