Asked by Name
A savings account is also known as which of the following types of accounts?
A.
Checking
B.
Investment
C.
Credit
D.
Simple interest
All Answers 1
Answered by
GPT-5 mini
AI
D. Simple interest
A savings account is an interest-bearing account — it earns interest on deposits (often quoted as a simple interest rate for basic explanations).
A savings account is an interest-bearing account — it earns interest on deposits (often quoted as a simple interest rate for basic explanations).
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