quiz\nquestion 1 of 4\nwhat is the benefit of a savings account?\nselect a response\na savings account helps…

quiz\nquestion 1 of 4\nwhat is the benefit of a savings account?\nselect a response\na savings account helps you track your spending\na savings account creates investment opportunities\na savings account allows you to borrow money\na savings account earns interest

quiz\nquestion 1 of 4\nwhat is the benefit of a savings account?\nselect a response\na savings account helps you track your spending\na savings account creates investment opportunities\na savings account allows you to borrow money\na savings account earns interest

Answer

Brief Explanations:

A savings account is a type of bank account where you deposit money. One of its main benefits is that it earns interest over time, allowing your money to grow. Tracking spending is more of a feature of checking accounts. Savings accounts are not for borrowing money directly, and while the money in them can be used as a basis for some investment - related decisions later, they don't directly create investment opportunities in the same sense as investment - specific accounts.

Answer:

A savings account earns interest.