Question

What kind of relationship do you think Bill and Rick shared?

Answer 1

Explanation:

Some investments are riskier than others – there’s a greater chance you could lose some or all of your money. For example, Canada Savings Bonds (CSBs) have very low risk because they are issued by the government of Canada. GICs and bank deposits also carry low risk because they are backed by large financial institutions. With GICs and deposits you also have the additional protection of deposit insurance on amounts up to $100,000 if your financial institution goes bankrupt. With these low-risk investments you are unlikely to lose money. However, they have a lower potential return than riskier investments and they may not keep pace with inflation.