ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has not used her ATM in over a week and wonders what she should do. What would you recommend?
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Wait until her monthly statement arrives so she can check to see if those withdrawals are still there
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Wait a week, as it is fairly common for the bank to catch mistakes like this
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Check her wallet to be sure her debit card has not been stolen. If she still has it, then she should not worry
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Contact her bank immediately as it appears that her account may have been hacked
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Explanation:
Detailed explanation-1: -The biggest difference between saving and investing is the level of risk taken. Saving typically results in you earning a lower return but with virtually no risk. In contrast, investing allows you the opportunity to earn a higher return, but you take on the risk of loss in order to do so.
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