To determine the correct answer to the question about the national average for interest rates on most savings accounts, let's analyze the given options:
A. 5%-10%
B. less than 1%
C. 1%-5%
D. 10%-15%
We need to select the range that accurately represents the national average.
- Option A (5%-10%): This range is relatively high for interest rates on savings accounts. Typically, such high interest rates are not observed for most standard savings accounts.
- Option B (less than 1%): This range is a plausible representation of the national average for most savings accounts. Historically, interest rates on standard savings accounts tend to be quite low and often fall below 1%.
- Option C (1%-5%): While some savings accounts might offer interest rates in this range, they are generally higher than the typical national average for most standard savings accounts.
- Option D (10%-15%): This range is extremely high and unrealistic for savings accounts. Such interest rates are not offered for standard savings accounts.
By comparing the options, we can see that the most accurate representation of the national average for interest rates on most savings accounts is:
B. less than 1%
This means the correct answer is Option B.
