Answer:
Step-by-step explanation:
Savings options include a money market account and a certificate of deposit (CD). A money market account is a type of bank account that typically pays a higher interest rate than a traditional savings account. A CD is a type of time deposit offered by a bank. You agree to deposit a certain amount of money for a set period of time, and in return, the bank agrees to pay you a guaranteed rate of interest when the CD matures.
Investment options include mutual funds and gold. A mutual fund is a type of investment vehicle that pools together money from many investors and uses that money to buy a diverse portfolio of stocks, bonds, or other securities. Gold can be considered an investment because it is a tangible asset that can potentially appreciate in value over time. However, the price of gold can also fluctuate significantly, so it is important to carefully consider the risks before investing in gold.