Which statement is true?
a.
taxes are higher on short-term investments than long-term investments.
b.
short-term investments are less prone to price volatility than long-term investments.
c.
short-term investments require greater diversification than long-term investments.
d.
short-term investments incur lower transaction fees than long-term investments.
e.
short-term investments have a higher inflationary risk than long-term investments.