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Question
2 multiple choice 1 point all of the following are benefits of saving, except... having money in a savings account enables you to prepare for large purchases having money in a savings account offsets the impact of changes in income having money in a savings account cushions you when faced with unexpected expenses having money in a savings account is more accessible than in a checking account
Savings accounts are designed for storing funds, while checking accounts are made for frequent, easy access to money (like debit card use, checks, ATM withdrawals with fewer limits). The first three options are core benefits of saving: preparing for big buys, handling income changes, and covering unexpected costs. The last option is incorrect because checking accounts are more accessible than savings accounts.
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D. Having money in a savings account is more accessible than in a checking account