Question

question 4 of 10
an account that earns interest and is used to to meet financial goals is a
______.

○ account balance

○ checking account

○ accounts payable

○ savings account

Explanation:

• Account balance is the amount of money in an account, not the account type itself.
• Checking accounts are primarily for daily transactions and typically earn little to no interest.
• Accounts payable is a liability (money owed by a business), not a personal account for saving.
• Savings accounts are designed to earn interest and are used to save money toward financial goals.

Answer:

savings account