Question

Which of the following is NOT true of a savings account? The account owner can make only three withdrawals a month. It requires a minimum deposit. It pays less interest than a money market account. It is the preferred method of saving for most people.

Answer 1

A saving's account is an account that people use to store assets, while earning money, and it's a preferred method of saving. It's also correct that it requires a minimum deposit, so we can conclude that the odd one out is "the account owner can make only three withdrawals a month". THat one isn't true

Answer 2

The answer is the first one. The rest of the choices are true. A savings account is an enthusiasm bearing store account held at a bank or another monetary foundation that gives a humble loan fee. It only offers minimal interest compared to other saving methods.