Question

Shelley is 15 and has a goal of saving $800 toward her prom and senior trip in 2 years; right now she has $20 total. She's planning to open a savings account to deposit money from each paycheck. Which factor should she be LEAST concerned with when choosing a savings account? * 1 point Is there a maintenance fee for this account? What is the minimum amount required to open the account? Do her friends have accounts at the same bank? Does the account allow for free automatic deposits from her checking account?

Answer 1

The answer is "Do her friends have accounts at the same bank?"

Explanation:

In this question, the above given-choice is correct because the account on the same bank has certainly, but when a retirement fund in a company is concerned, you could only have a savings account on their behalf, and the mutual funds must then be distributed, and these several savings accounts can be opened is by tracking the amount they need to save for every savings target.