Ask Question

Faisal and Torie each want to make an investment, but they have different needs. Based on the information, which of the following investments are more suitable for Faisal than for Torie?

+4
Answers (1)
  1. 6 July, 14:11
    0
    Here is the full information:

    Faisal, Age 24

    Has a large amount to invest

    Can make regular, large deposits

    Does not need easy access

    Willing to accept moderate to high risk

    Does not want a set interest rate

    Torie, Age 28

    Has a small amount to invest

    Can make regular, small deposits

    Does not need easy access

    Willing to accept low to moderate risk

    Does not want a set interest rate

    I believe the answer is: Money market account, stocks, futures.

    Money market account, stocks, futures is characterized by both high risk and high return for the investors.

    So, to maintain your financial stability, it is advised to only getting into Money market account, stocks, futures if you have a large amount of capital in hand (because large sum of your capital could be lost in an instant)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Faisal and Torie each want to make an investment, but they have different needs. Based on the information, which of the following ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers