Which of the following would be considered a risk-free investment?a. Currencyb. Goldc. T-Billsd. Shares

The answer is c. T-Bills.

Here's why:

a. Currency - Investing in currency (also known as forex trading) is not risk-free. The value of a currency can fluctuate due to various factors such as inflation, interest rates, political instability, etc.

b. Gold - While gold is often considered a safe haven investment, it is not risk-free. The price of gold can fluctuate based on supply and demand, geopolitical events, and market volatility.

c. T-Bills - T-Bills, or Treasury Bills, are short-term securities issued by the U.S. government. They are considered risk-free because they are backed by the full faith and credit of the U.S. government. In other words, the government guarantees that investors will receive their principal and interest payments.

d. Shares - Investing in shares (or stocks) is not risk-free. The value of a share can fluctuate based on the performance of the company, market conditions, and other factors.