Answered

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Question 1:

Which of the following should you do when you need to withdraw money from your savings account for an emergency?

A. Transfer your entire savings account to your checking account.
B. Be sure to maintain any required minimum balance to avoid fees.
C. Close your account.
D. Stop putting money into savings.

Sagot :

GinnyAnsweridn

Final answer:

Savings accounts are a secure place to keep money not needed for daily expenses, offering interest close to the federal funds rate.


Explanation:

Savings accounts are where you should transfer any money that you do not need for daily expenses. They pay interest close to the federal funds rate, providing a small return. It is important to maintain the required minimum balance in your account to avoid fees.


Learn more about Banking and Savings Accounts here:

https://brainly.com/question/29826553


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