Question

question 1 of 10
using online and mobile banking apps to schedule automatic transfers of
money into your savings account can help you ______.

pay bills

meet savings goals

meet your financial institutions account requirements

raise your credit score

Explanation:

• Option "pay bills": Automatic transfers to savings are not for bill - paying (bill - paying is about outgoing payments for expenses, not savings deposits).
• Option "meet savings goals": Scheduling automatic transfers to a savings account is a direct way to consistently save money, which helps in achieving savings goals like saving for a down - payment, vacation, etc.
• Option "meet your financial institution's account requirements": Most financial institutions don't have account requirements that are met by automatic savings transfers (requirements are more about minimum balances, account types, etc., not regular savings deposits).
• Option "raise your credit score": Credit scores are affected by credit - related activities like loan payments, credit utilization, not by savings account transfers.

Answer:

B. meet savings goals