ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
bag
|
|
|
savings account
|
|
|
box
|
|
|
shoe
|
Detailed explanation-1: -Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Certificates of deposit (CDs) issued by banks and credit unions also carry deposit insurance.
Detailed explanation-2: -Savings Accounts. High-Yield Savings Accounts. Certificates of Deposit (CDs) Money Market Funds. Money Market Deposit Accounts. Treasury Bills and Notes. Bonds.
Detailed explanation-3: -The best way to save money in a bank. Think like a saver. Set up a direct debit into your savings account. Track every penny you spend! Pay off expensive debts first. Find someone to hold you accountable for your spending. Keep track of your budgeting progress. Just say no to spending.
Detailed explanation-4: -High-yield savings account. Certificate of deposit (CD) Money market account. Checking account. Treasury bills. Short-term bonds. Riskier options: Stocks, real estate and gold. 27-Jun-2022