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 times

b.

With a savings account, you can invest when the opportunity presents itself

c.

Having a savings account gives individuals the ability to borrow money from members in the community

d.

A savings account allows an individual to fulfill life long dreams

Question

Mathematics

Mugsy

4 April, 13:19

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 times

b.

With a savings account, you can invest when the opportunity presents itself

c.

Having a savings account gives individuals the ability to borrow money from members in the community

d.

A savings account allows an individual to fulfill life long dreams

+5

Answers (1)

Know the Answer?

Urijah · Answer 1

In the question "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?" the correct answer is "Having a savings account gives individuals the ability to borrow money from members in the community" Having savings account provides security in tough financial times, it gives one the opportunity to invest when the opportunity presents itself, It also allows an individual to fulfill life long dreams, but it does not give indviduals the ability to borrow money from member in the community.