QUESTION IMAGE
Question
question 3 of 10
investments are different from savings accounts in that they:
a. can only be accessed online.
b. offer high - profit potential.
c. are fdic - insured.
d. guarantee never to lose money.
Brief Explanations
- Option A: Investments are not limited to online access, and savings accounts can also be accessed online, so A is incorrect.
- Option B: Investments, such as stocks, mutual funds, etc., have the potential for higher profits compared to savings accounts which typically have lower - yield interest rates. This is a key difference between investments and savings accounts.
- Option C: Savings accounts are often FDIC - insured (up to a certain limit), while many investments (like stocks) are not FDIC - insured, so C is incorrect.
- Option D: Investments do not guarantee that you will never lose money; in fact, there is a risk of loss, unlike savings accounts which have relatively low risk of principal loss (with FDIC insurance), so D is incorrect.
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B. offer high - profit potential.