ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Savings Account
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Money Market Account
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Certificate of Deposit
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all of these are safe ways to save
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Detailed explanation-1: -Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.
Detailed explanation-2: -Eliminate Your Debt. Set Savings Goals. Pay Yourself First. Stop Smoking. Take a “Staycation” Spend to Save. Utility Savings. Pack Your Lunch. More items
Detailed explanation-3: -Track your spending. One of the greatest contributors to overspending is a credit card. Establish a budget. Set up savings goals. Use an automated tool. Prepare for grocery shopping in advance. Bring your lunch to work. Stop paying for cable television. Create an emergency fund. More items
Detailed explanation-4: -Back up your data. Use strong passwords. Take care when working remotely. Be wary of suspicious emails. Install anti-virus and malware protection. Don’t leave paperwork or laptops unattended. Make sure your Wi-Fi is secure. More items •08-Aug-2022