Answered

Find trusted answers to your questions with the help of IDNLearn.com's knowledgeable community. Get accurate and comprehensive answers to your questions from our community of knowledgeable professionals.

Which of the following is the best decision to allocate savings to a productive
use?

A. Option A because it is difficult to remove the money once deposited.

B. Option A because it will be available at home if ever needed.

C. Option B because the account will accumulate interest over time.

D. Option B because it offers free withdrawals during business hours.

Sagot :

Abiolataiwo2015idn

The best decision to allocate savings to a productive  use is: C. Option B because the account will accumulate interest over time.

One of the benefit or advantage of a savings account is that it help to accumulate interest  based on the amount that was deposited into the account.

With Savings account you can earn interest and can easily have access to you money incase of unforeseen circumstance or during rainy days.

Instead of depositing money into your checking account were you can likely earn  low interest as savings account has higher interest rate, it is better to put your savings into productive use by saving  your money into your saving account so as to accumulate interest over time.

Inconclusion the best decision to allocate savings to a productive  use is: C. Option B because the account will accumulate interest over time.

Learn more about savings account here:https://brainly.com/question/6594263

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.