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Amanda is 20-years-old and looking to invest $1000. She has always played it safe with very low-risk investments, but now she is ready to take a bigger risk to see if she can earn a bigger return on her investment. She is comfortable having this money tied up for several years, but she would like to withdraw the money sometime in the next 5 to 10 years. Which type of investment will BEST fit Amanda’s needs?


money market mutual fund


certificate of deposit


bond

Answer :

SuperCuh
A, money market mutual fund
For sure

Money market mutual fund,is the  type of investment will BEST fit Amanda’s needs.

What is meant by Money market mutual fund?

  • A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries).
  • Money market funds invest in highly liquid securities like cash, cash equivalents, and high-rated debt-based securities. Because they only invest in highly rated securities, money market funds offer a high degree of safety. Money market funds also offer investors higher yields than traditional savings accounts.

Money market mutual fund,is the  type of investment will BEST fit Amanda’s needs.

To learn more about Money market mutual fund refer:https://brainly.com/question/16678408

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