which of the following encourages customers to save for a specific item by putting it aside for them until…
which of the following encourages customers to save for a specific item by putting it aside for them until it is fully paid for in advance? a. layaway plan b. social security benefit c. 401(k) account d. holiday club account
Answer
Brief Explanations:
A lay - away plan allows customers to reserve an item by making partial payments over time until the full amount is paid, at which point they can take possession of the item. Social Security benefits are government - provided financial support for retirees, disabled individuals, etc. A 401(k) account is a retirement savings plan offered by employers. A Holiday Club Account is a savings account for holiday spending.
Answer:
A. Layaway plan