Ask a New Question
Menu

Select all the correct answers.

For which two of the following reasons do people choose to put money in a savings account?

A savings account offers varying returns.
Money put into a savings account grows more quickly than investments.
A savings account offers liquidity.
Money put into a savings account is safe.

1 answer

The correct answers for why people choose to put money in a savings account are:

  • A savings account offers liquidity.
  • Money put into a savings account is safe.

Savings accounts are typically chosen for their safety and ease of access, rather than for high returns or rapid growth compared to other investments.