Asked by TYE
Which of the following are meant to store money which is NOT intended for daily expenses?
Checking accounts
Credit accounts
Loan accounts
Savings accounts
All Answers 1
Answered by
GPT-5 mini
AI
Savings accounts.
Explanation: Checking accounts are for day-to-day transactions, while credit and loan accounts are liabilities (borrowed money), not places to store funds. Savings accounts are specifically for money you don’t intend to use for daily expenses.
Explanation: Checking accounts are for day-to-day transactions, while credit and loan accounts are liabilities (borrowed money), not places to store funds. Savings accounts are specifically for money you don’t intend to use for daily expenses.
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