Question

Which statement best describes a characteristic of a regular savings account?

A. Regular savings accounts are exactly like checking accounts but with higher interest rates (my answer)
B. Regular savings account allow for more withdrawals and flexibility than money market accounts and CDs
C. Regular savings accounts feature withdrawal minimums that are less than the account balance
D. Regular savings accounts have a predetermined time limit before a withdrawal can be made ​

Answer 1

D. Regular savings accounts have a predetermined time limit before a withdrawal can be made.

Explanation:

The correct answer is - D. Regular savings accounts have a predetermined time limit before a withdrawal can be made.

There is a set limit of usually 6 withdrawals in a month.The limit is six withdrawals per month. If a person exceeds this limit occasionally, his bank may decline the excess transactions or sometimes charge a fee for that transaction.

Answer 2

Types of Savings Quick Check:

1) Which is a reason to save money regularly?

Answer: C. You can qualify for opportunities that might otherwise be impossible.

2) Which statement best describes a characteristic of a regular savings account?

Answer: B. Regular savings accounts allow for more withdrawals and flexibility than money market accounts and CDs.

3) Which statement best describes a characteristic of money market accounts?

Answer: C. Money market accounts have higher interest rates than regular savings accounts but with more restrictions.

hope this helps :)

Explanation: