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When Sarafina deposits money in an IDA, _____.

it earns the highest interest rates available at a bank

it is good for the government

an organization matches the amount she deposited

the interest on the account is not taxed

User Alioguzhan
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1 Answer

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Answer:

an organization matches the amount she deposited

Step-by-step explanation:

An individual development account ( IDA) is a special program account that assists low-income groups and other marginalized groups achieve financial stability. An IDA helps these individuals save for education, purchase a home or start a business.

With an IDA, the contributions individuals make are matched by the state or other donor projects. The matching initiative serves as an encouragement to the target group to save and attain financial stability.

User Shadowbob
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