Question

(04.02 MC)

Donald does not like any risk and does not trust banks or the markets, What option will he most likely choose to save his money?

A)Put it ina safe at home.
B)Put it ina traditional savings account.
C)Put it ina checking account.
D) Put it in stocks.

Answer 1

A. Put it in a safe at home

Explanation:

He doesn’t want to put it in a bank or market and all other options (B-D) include putting it into a bank or market.

Answer 2

A. Put it in a safe at home

Explanation:

By putting it in a safe at home, Donald is able to save his money. He does not like any risk, so he would not put it in stocks, because he could lose money. Donald also does not trust banks, so he would not put it in a savings or checking account. Knowing this, we are left with option A, which is putting his money in a physical safe at his home.