Question
How does the amount of money in your savings account grow over time?(1 point)
Responses
Banks who are insured through FDIC add money to your savings account each month.
Banks who are insured through FDIC add money to your savings account each month.
Money from your checking account is automatically moved into your savings account every month.
Money from your checking account is automatically moved into your savings account every month.
Money in your savings account earns a certain amount of principal each year.
Money in your savings account earns a certain amount of principal each year.
You can earn interest on the money you keep in your savings
You can earn interest on the money you keep in your savings
Responses
Banks who are insured through FDIC add money to your savings account each month.
Banks who are insured through FDIC add money to your savings account each month.
Money from your checking account is automatically moved into your savings account every month.
Money from your checking account is automatically moved into your savings account every month.
Money in your savings account earns a certain amount of principal each year.
Money in your savings account earns a certain amount of principal each year.
You can earn interest on the money you keep in your savings
You can earn interest on the money you keep in your savings
Answers
GPT-4o mini
The correct response is:
**You can earn interest on the money you keep in your savings.**
This means that the amount of money in your savings account grows over time due to the interest accrued on your balance. Banks pay interest on savings accounts, allowing your money to grow even if you do not make additional deposits.
**You can earn interest on the money you keep in your savings.**
This means that the amount of money in your savings account grows over time due to the interest accrued on your balance. Banks pay interest on savings accounts, allowing your money to grow even if you do not make additional deposits.