ECONOMICS
SAVING AND INVESTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is a benefit of saving?
|
|
Higher Interest Rates
|
|
|
Lower Credit Score
|
|
|
Can Reinvest Earned Money
|
|
|
Won’t Have Interest on Loans
|
Explanation:
Detailed explanation-1: -Reinvestment is a form of income distribution. It is the act of using money already earned or saved to generate additional average incomes or growth. Reinvestment works by reinvesting profits back into a business and investing in real estate or stocks. It could even put money into a high-yield savings account.
There is 1 question to complete.