rex has several hundred thousand dollars to save, and he wants to keep it as safe as possible. what would…

rex has several hundred thousand dollars to save, and he wants to keep it as safe as possible. what would you recommend rex do to keep his money safe? a. deposit the money in a bank, ideally in a single well - protected account. b. deposit the money in a bank, but in several different accounts. c. deposit the money in several banks, not putting too much money in any one. d. keep the physical cash at home in a fireproof safe. please select the best answer from the choices provided

rex has several hundred thousand dollars to save, and he wants to keep it as safe as possible. what would you recommend rex do to keep his money safe? a. deposit the money in a bank, ideally in a single well - protected account. b. deposit the money in a bank, but in several different accounts. c. deposit the money in several banks, not putting too much money in any one. d. keep the physical cash at home in a fireproof safe. please select the best answer from the choices provided

Answer

Brief Explanations:

Spreading money across multiple banks reduces risk. If one bank fails, not all money is lost. Keeping large - amounts of cash at home is risky due to theft and damage. Depositing in a single account (either in one bank or multiple accounts in one bank) exposes all funds to the risks of that bank.

Answer:

C. Deposit the money in several banks, not putting too much money in any one.