Answered

Drag each sentence to the correct category. Determine the type of account that each description applies to.

A. If no deposits or withdrawals are made, money held in this account may increase or decrease.
B. This account may generate income from a variety of sources.
C. There is no risk of losing any money put in this account.
D. Interest income is the only way to earn money in this type of account.

Savings Account
- C. There is no risk of losing any money put in this account.
- D. Interest income is the only way to earn money in this type of account.

Investment Account
- A. If no deposits or withdrawals are made, money held in this account may increase or decrease.
- B. This account may generate income from a variety of sources.



Answer :

GinnyAnswer

Final answer:

Savings accounts earn interest and are easily convertible to cash, while investment accounts offer no risk of losing money and rely on interest income.


Explanation:

Savings Account:

  1. If no deposits or withdrawals are made, money held in this account may increase or decrease.
  2. This account may generate income from a variety of sources.

Investment Account:

  1. There is no risk of losing any money put in this account.
  2. Interest income is the only way to earn money in this type of account.

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