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Liono4ka [1.6K]
3 years ago
6

If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest

to the person? What factors would you ask the person about before making your recommendation?
Business
1 answer:
Semenov [28]3 years ago
8 0
<span>If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person? 
</span>-12 months or less then a savings account. 
<span>-2 year or more then open a no load mutual fund account with a financial institution such as Charles Schwab. </span>
-5 yrs or more then purchase some stock
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