Question

omotayo puts his money in a savings account with a fixed annual interest rate of 1%. is this a variable investment, and why or why not? yes, because it offers variable returns. no, because it is subject to market conditions. no, because it provides fixed returns. yes, because the principal is not guaranteed

Explanation:

A variable investment has returns that can fluctuate. Here, the savings account has a fixed annual interest rate of 1%, meaning the returns are fixed and not variable.

Answer:

No, because it provides fixed returns