ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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sock drawer
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trash can
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under a mattress
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savings account
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Detailed explanation-1: -Savings accounts allow you to deposit money for safekeeping and earn interest on your balance. You can open these accounts at a bank or credit union.
Detailed explanation-2: -In short, there is no limit on the amount of money that you can put in a savings account. No law limits how much you can save and there’s no rule stating that a bank cannot take a deposit if you have a certain amount in your account already.
Detailed explanation-3: -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
Detailed explanation-4: -Don’t Go Overboard. Separate Your Savings. Choose the Right Type of Savings Account. Work Toward Savings Goals. Utilize Direct Deposit. Check in Regularly. Save From Every Source of Income. Treat Your Savings as Off-limits. More items