camilafermandez123 camilafermandez123

03-07-2024
Business

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Which of the following would be a good reason to place your money into a savings account?

A. You can purchase stocks with a savings account.
B. A savings account earns interest.
C. You can write checks with a savings account.
D. You can use a debit card to make transactions.

Please select the best answer from the choices provided.

Answer :

GinnyAnswer GinnyAnswer

03-07-2024

Final answer:

Placing money in a savings account earns interest over time.

Explanation:

A good reason to place your money into a savings account is that it earns interest over time. Unlike a checking account which facilitates transactions through checks and debit cards, savings accounts provide the benefit of accumulating interest on your deposited funds.

Learn more about savings account benefits here:

https://brainly.com/question/30237724

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