Question

question 1 of 6
what is the benefit of a savings account?
select a response.

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:

To determine the benefit of a savings account, we analyze each option:

• Tracking spending is typically done via checking accounts or budgeting tools, not savings accounts.
• Savings accounts are for saving, not creating investment opportunities (investments like stocks/bonds are different).
• 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.