Question

what you know
question 1 of 3
what is the benefit of a savings account?
a savings account helps you track your spending.
a savings account creates investment opportunities.
a savings account allows you to borrow money.
a savings account earns interest.

Explanation:

• Analyze each option:
• Tracking spending is more related to checking accounts or budgeting tools, not savings accounts.
• Savings accounts are for saving, not primarily for investment opportunities (investment accounts or brokerage accounts are for that).
• Borrowing money is done through loans or credit accounts, not savings accounts.
• Savings accounts earn interest on the deposited money, which is a key benefit.

Answer:

D. A savings account earns interest.