which of the following best describes a major saving account problem? they are no longer a secure option for…

which of the following best describes a major saving account problem? they are no longer a secure option for money. the interest rates fluctuate with the stock market performance. people aren’t allowed to withdraw money anytime they want. the interest rates are lower than the inflation rate. savings accounts do not allow for auto deposits.

which of the following best describes a major saving account problem? they are no longer a secure option for money. the interest rates fluctuate with the stock market performance. people aren’t allowed to withdraw money anytime they want. the interest rates are lower than the inflation rate. savings accounts do not allow for auto deposits.

Answer

Brief Explanations:

Savings accounts often have interest rates that are lower than the inflation rate, eroding the real - value of the money saved over time. Savings accounts are generally secure, interest rates don't usually fluctuate with the stock market, people can usually withdraw money (with some limitations in some cases), and many savings accounts allow for auto - deposits.

Answer:

The interest rates are lower than the inflation rate.