Explain the difference between trade-off and opportunity cost.

1 answer:

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Answer:Trade off is sacrificing certain option to get another opportunity whereas opportunity cost is the cost that has to incur as a result of selecting the so-called opportunity. Opportunity cost is the result of trade off.

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<h3>What is a certificate of deposit (CD)?</h3>

A certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account that is issued by a financial institution (bank) to its customers, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

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In this context, we can reasonably infer and logically deduce that an investment which best meet this investor's needs is a: D. traditional savings account.

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