camilafermandez123 camilafermandez123

03-07-2024
Business

Answered

Which of the following would be a good reason to place your money into a savings account?

A. You can purchase stocks with a savings account.
B. A savings account earns interest.
C. You can write checks with a savings account.
D. You can use a debit card to make transactions.

Please select the best answer from the choices provided.

Answer :

GinnyAnswer GinnyAnswer

03-07-2024

Final answer:

A savings account is recommended for earning interest on deposited funds.

Explanation:

A savings account is a good option for placing your money due to the fact that it earns interest. Unlike purchasing stocks or writing checks, a savings account provides the benefit of accumulating interest on the deposited funds over time, encouraging savings growth and financial stability.

Learn more about Benefits of a savings account here:

https://brainly.com/question/30237724

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