Ross wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% rate of return. However, he would like to earn a higher return. Ross should keep in mind that to earn a higher return on his money he: A)will have to invest overseas. B) should invest in a business that has a very stable and predictable rate of return. C)will probably have to accept a higher level of risk. D) will probably have to engage in illegal activities

Ross wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% rate of return. However, he would like to earn a higher return. Ross should keep in mind that to earn a higher return on his money he: A)will have to invest overseas. B) should invest in a business that has a very stable and predictable rate of return. C)will probably have to accept a higher level of risk. D) will probably have to engage in illegal activities

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter13: Investment Fundamentals

Section: Chapter Questions

Problem 9LTAI

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