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1b. You are working in a bank. A customer approaches you with an interest in investing funds for a period of six months. The customer

1b. You are working in a bank. A customer approaches you with an interest in investing funds for a period of six months. The customer is undecided between taking a term deposit and purchasing a negotiable certificate of deposit. The customers uncertainty has roots in the COVID-19 pandemic situation. Explain each of these investment products to the customer and also provide advice on risk-reward trade-offs that might be associated with each product.

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