Having a savings account can contribute to a person’s overall financial well-being. Which one of the following is NOT a benefit of maintaining a savings account?a.A savings account provides security in tough financial timesb.With a savings account, you can invest when the opportunity presents itselfc.Having a savings account gives individuals the ability to borrow money from members in the communityd.A savings account allows an individual to fulfill life long dreams
Question
Answer:
C) Having a savings account gives individuals the ability to borrow money from members in the community A savings account definitely can help you with A and B. While D may sound a bit dramatic, a responsible savings routine and a savings account with a healthy balance can make great things happen. However, a savings account does not give you the ability to borrow money from members in the community. This is not a feature of a savings account.
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