Question

question 9
3 pts
the best safety reason for depositing money in a bank or credit union savings account instead of keeping your money \under the mattress\ is that:
google translate
most savings accounts come with a free credit card.
money deposited in savings accounts are f.d.i.c. insured.
money is a savings account can be accessed any time during day or night.

Explanation:

• Analyze Option 1: Most savings accounts do not come with a free credit card as a standard feature, and this is not a safety - related reason for depositing money in a savings account.
• Analyze Option 2: Money deposited in savings accounts (up to a certain limit) is FDIC - insured (for banks) or NCUA - insured (for credit unions). This insurance protects the depositor's money in case the financial institution fails, which is a major safety benefit compared to keeping money "under the mattress" (where it can be lost, stolen, or damaged).
• Analyze Option 3: While savings accounts do offer access to funds, the ability to access money at any time is more about convenience rather than safety.

Answer:

B. money deposited in savings accounts are F.D.I.C. insured.