quiz\nluke just opened his first savings account. what is one way that it can help him manage his…
quiz\nluke just opened his first savings account. what is one way that it can help him manage his money?\nselect an answer\nit can give him access to a credit card\nit can help him spend money more easily\nit will keep his money safe\nit can loan him money to pay back over time
Answer
Brief Explanations:
A savings account helps in accumulating money over time for future use such as for school - related expenses. It doesn't necessarily help in spending money more easily (it's for saving, not easy spending), doesn't always pay money back (interest rates vary and aren't guaranteed high - yielding), and isn't mainly for keeping money to pay back over time (that's more related to debt). Saving for school is a common and valid way a savings account can help manage money.
Answer:
It can give him money for school and other needs.