5
QuizMultiple Choice

Savings Accounts

Question 5 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Which of the following would be a good reason to place your money into a savings account?

Answer
A
You can purchase stocks with a savings account
B
A savings account earns interest
C
You can write checks with a savings account
D
You can use a debit card to make transactions

Explanation

A good reason to put money in a savings account is that it earns interest, which can help your balance grow over time. Therefore, “A savings account earns interest” is the correct choice. Savings accounts generally are not used to purchase stocks or write checks, and debit-card transactions are more commonly associated with checking accounts.

AI-written and checked against the verified answer.

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