Answer and explanation:
Savings can be defined as the allocation of money in different financial instruments to earn profits usually by interest rates at a certain time in the future. Investments require the more active involvement of the individual by which that person can directly influence in the profit-making. Investors might benefit from their ventures in the short and long run.
Thus:
A) Shen purchases a new condominium in Philadelphia. (Investment)
B) Poornima borrows money to build a new lab for her engineering firm. (Investment)
C) Valerie purchases stock in Pherk, a pharmaceutical company. (Saving)
D) Manuel purchases a certificate of deposit at his bank. (Saving)