Question
How does the amount of money in your savings account grow over time?(1 point)ResponsesBanks 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
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GPT-4o mini
The correct answer is: **You can earn interest on the money you keep in your savings.**
Savings accounts typically earn interest over time, which allows the amount of money in the account to grow. The interest rate and how often interest is compounded can affect the overall growth of the savings.
Savings accounts typically earn interest over time, which allows the amount of money in the account to grow. The interest rate and how often interest is compounded can affect the overall growth of the savings.