Lucky Louie has $10,000 that he wants to invest for 3 years but wants to take no risk on the investment. his best course of action would be to Either invest in a 3-year Treasury note or put money in a 3-year CD at the bank. Thus option D is correct.
A useful strategy to put your savings to work and possibly increase your income is investing. An investment is always the spending of some resource with the expectation of a larger return in the future.
The benefit of investing in 3-year Treasury note instruments is that the revenue you earn on them is tax-free on both the federal and state levels. They make much better income investments.
Therefore, option D is appropriate.
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The complete question is probably
Lucky Louie has $10,000 that he wants to invest for 3 years but wants to take no risk on the investment. His best course of action would be to
answer choices
invest in a 3 year Treasury note.
invest in a blue chip stock portfolio.
put his money in a 3 year CD at his bank.
Either invest in a 3 year Treasury note or put money in a 3 year CD at the bank
