Faisal and Torie each want to make an investment, but they have different needs. Based on the information, which investment options would best suit the needs of both Faisal and Torie?

A. Bonds and CDs

B. IRA and mutual fund

C. Stocks and futures

D. Money market and savings accounts

D

Explanation:

Money market is more liquid as compare to saving accounts. Savings accounts are used to deposit money in account for longer period of time. As both of their needs are different, money market and saving accounts are also different, money market is liquid and saving accounts is more of long term asset with less liquidity.

Your answer would be D. Money market and savings account. Took the test and got it right.