when trying to save money, you need to know about your options. most people save their money in a savings…

when trying to save money, you need to know about your options. most people save their money in a savings account at a bank. they are paid interest from the bank for allowing the bank to hold and use their money. if you save money in a money market account, your interest rate will be determined by how well the stock market is doing. although you won’t lose any of your original investment, you won’t be making much interest when interest rates are low. another way to save money is to buy a certificate of deposit, or cd. you cannot cash in the certificate until it reaches a certain age, but cds are a good investment if you don’t need the money right away. 1. what is the topic of this passage? a. savings accounts b. money market accounts c. banking d. ways to save money 2. what is the main idea? a. most people save their money in a savings account at a bank. b. when trying to save money, you need to know about your options. c. if you save money in a money market account, your interest rate will be determined by how well the stock market is doing. d. saving money today will keep you from financial trouble in the future.

when trying to save money, you need to know about your options. most people save their money in a savings account at a bank. they are paid interest from the bank for allowing the bank to hold and use their money. if you save money in a money market account, your interest rate will be determined by how well the stock market is doing. although you won’t lose any of your original investment, you won’t be making much interest when interest rates are low. another way to save money is to buy a certificate of deposit, or cd. you cannot cash in the certificate until it reaches a certain age, but cds are a good investment if you don’t need the money right away. 1. what is the topic of this passage? a. savings accounts b. money market accounts c. banking d. ways to save money 2. what is the main idea? a. most people save their money in a savings account at a bank. b. when trying to save money, you need to know about your options. c. if you save money in a money market account, your interest rate will be determined by how well the stock market is doing. d. saving money today will keep you from financial trouble in the future.

Answer

Brief Explanations:

  1. The passage starts by saying when trying to save money, one needs to know options and then lists different ways like savings accounts, money - market accounts, and CDs. So the topic is ways to save money.
  2. The main idea is introduced in the first sentence which emphasizes knowing options when trying to save money.

Answer:

  1. d. ways to save money
  2. b. When trying to save money, you need to know about your options.