Clara is saving for a house and asks Irving, her insurance agent, for

investment recommendations. Clara explains that she will almost certainly

need her money within a year. Furthermore, she does not want to put her

capital at risk.

In discussing investment alternatives, which recommendation should Irving

make to Clara?

Invest in a redeemable GIC.

Invest in a market$-$linked GIC.

Invest in bond funds.

Invest in ETFs.