Answered

IDNLearn.com: Your reliable source for finding expert answers. Find the answers you need quickly and accurately with help from our knowledgeable and experienced experts.

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


We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.