The correct answer is D. Bonds.
Shares, fixed deposits, and cash certificates are all repayable after a stipulated period. Shares are a form of ownership in a company, and they are typically traded on a stock exchange. Fixed deposits are a type of savings account that pays a fixed interest rate for a set period of time. Cash certificates are a type of investment that is issued by a bank and pays a fixed interest rate for a set period of time.
Bonds, on the other hand, are a type of loan that a company or government issues to raise money. Bonds are typically repaid over a period of 10 to 30 years, and they pay a fixed interest rate.
Here is a more detailed explanation of each option:
- Shares: Shares are a form of ownership in a company. When you buy shares, you become a part-owner of the company. Shares are typically traded on a stock exchange, and their value can go up or down depending on the performance of the company.
- Fixed deposits: Fixed deposits are a type of savings account that pays a fixed interest rate for a set period of time. The interest rate on a fixed deposit is usually higher than the interest rate on a regular savings account. However, you cannot withdraw your money from a fixed deposit until the end of the fixed term.
- Cash certificates: Cash certificates are a type of investment that is issued by a bank. They are similar to fixed deposits, but they typically have a shorter fixed term. Cash certificates also typically pay a higher interest rate than regular savings accounts.
- Bonds: Bonds are a type of loan that a company or government issues to raise money. Bonds are typically repaid over a period of 10 to 30 years, and they pay a fixed interest rate. Bonds are considered to be a relatively safe investment, but their value can go up or down depending on the creditworthiness of the issuer.