Your grandmother calls you for advice on where to invest 3000 she received from selling an antique piece of furniture. She knows you have taken business classes, so she wants you to guide her toward an investment that will help maintain the value of her money. You know that your grandma needs an investment for capital preservation, so you tell her to:
A) invest in the stock market-technology stocks are hot right now.
B) invest in corporate bonds.
C) invest in a CD; she may get 2.25 interest rate.
D) try short selling.
E) purchase stock options.
Question 2
Suppose you have just inherited 10,000 from an uncle that passed away. You would like to invest this money so that it will grow and you can use it in the future to help supplement your retirement. Which of the following is an appropriate investment for growth?
A) Certificates of deposit
B) Money market accounts
C) Foreign stocks
D) Corporate bonds
E) Checking accounts
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