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Assume your only financial goal is to keep pace with inflation - which is assumed to remain constant at 3%. Which of the following investments
Assume your only financial goal is to keep pace with inflation - which is assumed to remain constant at 3%. Which of the following investments would be acceptable:
a. | a money market fund returning 1.5% | |
b. | stock in a gold mine expected to return more than 75% | |
c. | a savings account at ING, Direct that pays 2% annually | |
d. | all of the above would be acceptable assuming all will preserve your initial investment |
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