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
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
Answers
GPT-4o mini
The correct response is:
**You can earn interest on the money you keep in your savings.**
This means that the money in your savings account grows over time due to the interest earned on the balance, compounded at a specific rate determined by the bank.
**You can earn interest on the money you keep in your savings.**
This means that the money in your savings account grows over time due to the interest earned on the balance, compounded at a specific rate determined by the bank.