Question

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

○ a
○ b
○ c
○ d

Explanation:

• Option a: Savings accounts are not used to directly purchase stocks; this is incorrect.
• Option b: Savings accounts earn interest on deposited funds, which is a core benefit and valid reason to use one.
• Option c: Checking accounts, not savings accounts, are designed for writing checks; this is incorrect.
• Option d: Debit cards are typically linked to checking accounts, not standard savings accounts; this is incorrect.

Answer:

B. A savings account earns interest