Question

having a savings account can contribute to a person’s overall financial well - being. which one of the following is not a benefit of maintaining a savings account?
a. a savings account provides security in tough financial times
b. with a savings account, you can invest when the opportunity presents itself
c. having a savings account gives individuals the ability to borrow money from members in
the community
d. a savings account allows an individual to fulfill life long dreams

please select the best answer from the choices provided

a
b
c
d

Explanation:

To determine the non - benefit of a savings account, we analyze each option:

• Option a: A savings account does act as a financial safety net during tough times, so this is a benefit.
• Option b: Savings can be used for investment when a good opportunity comes, so this is a benefit.
• Option c: A savings account is about an individual's own savings and has nothing to do with borrowing money from the community. This is not a benefit of a savings account.
• Option d: Savings can help an individual achieve long - term goals or dreams, so this is a benefit.

Answer:

C. Having a savings account gives individuals the ability to borrow money from members in the community