What is the benefit of a savings account? Select all that apply.
(1 point)
☐ It allows you to use a debit card to pay for purchases.
☐ It earns interest regularly.
It eliminates any interest or fees you must pay on borrowed money.
It sets aside money for future use.
What is the word for taking money out of a banking account?
(1 point)
credit
O invest
save
withdraw
What is the first step toward determining how much you can save?
(1 point)
Oput 15% of your income into savings
Ostop all spending for one month
track your expenses for a set period of time
Ouse your debit card for all purchases
It sets aside money for future use.
Withdraw
track your expenses for a set period of time
It says for the first question select two
In that case, the correct answers are:
- It earns interest regularly.
- It sets aside money for future use.