Answered

Discover a wealth of knowledge and get your questions answered on IDNLearn.com. Find accurate and detailed answers to your questions from our experienced and dedicated community members.

Question 3: What are the different reasons for using a savings account? Select all that apply.

- Short term financial goals
- Impulse buying
- College fund
- Vacation
- Liquidity
- Emergency

Sagot :

GinnyAnsweridn

Final answer:

Savings accounts are utilized for short term goals, college funds, and emergencies.


Explanation:

Reasons for using a savings account:

  • Short term financial goals: Savings accounts can help individuals save for short-term financial needs like buying a new phone.
  • College fund: Using a savings account to save for higher education expenses is a common practice.
  • Emergency: Savings accounts provide a financial safety net for unexpected expenses like medical emergencies.

Learn more about savings account purposes here:

https://brainly.com/question/41699390


We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.