quiz question 1 of 6 what is the benefit of a savings account? select a response. a savings account helps…
quiz question 1 of 6 what is the benefit of a savings account? select a response. a savings account helps you track your spending. a savings account creates investment opportunities. a savings account allows you to borrow money. a savings account earns interest.
Answer
Brief Explanations:
A savings account is a deposit - type account at a bank or other financial institution. Its main benefit is that it earns interest on the money deposited. Tracking spending is more of a feature of a checking account. Savings accounts are not investment opportunities in the traditional sense of stocks, bonds etc. They also do not allow borrowing like a credit - line or loan account.
Answer:
D. A savings account earns interest.