Question

quiz
question 2 of 6
louie just opened his first savings account. what is one way that it can it help him manage his money?
select a response.

it can give him access to a debit card.

it can help him spend money more easily.

it will keep his money safe.

it can loan him money to pay back over time.

Explanation:

• Analyze each option:
• "It can give him access to a debit card" is incorrect because savings accounts typically don't come with debit cards (checking accounts are more associated with debit cards for easy spending).
• "It can help him spend money more easily" is incorrect as savings accounts are designed for saving, not easy spending (they often have restrictions on withdrawals to encourage saving).
• "It will keep his money safe" is correct. Savings accounts are insured (e.g., by FDIC in the US) and provide a secure place to store money compared to keeping cash at home.
• "It can loan him money to pay back over time" is incorrect as savings accounts are for depositing money, not borrowing (loans are from other products like credit cards or personal loans, not savings accounts).

Answer:

C. It will keep his money safe. (Note: Assuming the options are labeled A - D in order, the third option is the correct one. If the original options had labels, adjust the identifier accordingly. Here, with the given options, the correct one is "It will keep his money safe".)