You have $5000 saved in case you may need to replace the furnace in your house which has been acting up. Which of the following would be the best place to put the $5000?

Question

Answer

A one-year fixed-rate GIC earning four percent

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A high interest savings account earning three percent

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A term deposit earning three percent held in a TFSA

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A stock mutual fund which earned nine percent in the past year

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You have $5000 saved in case you may need to replace the furnace in your house w...

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