Question

rapihkan format penulisan soal ini :All of the following statements about bank accounts are true except… A) If the bank is FDIC-insured, your money, up to the FDIC limit, is safe even if the bank fails. B) Many banks pay interest on the money you deposit into your savings account. C) Historically, savings accounts earn higher returns than investments in the stock market. D) Money in a checking account is usually easy to access via ATM, debit card, or check.

Answer 1

Statement C) Historically, savings accounts earn higher returns than investments in the stock market is false.

Step-by-step explanation:

A bank account is a financial arrangement between an individual or entity and a bank, allowing for deposits, withdrawals, and transactions. It provides a secure place to store money, earn interest, and access various banking services such as loans and electronic payments. All of the statements about bank accounts are true except for statement C) Historically, savings accounts earn higher returns than investments in the stock market.

The other statements are true:

1. A) If the bank is FDIC-insured, your money, up to the FDIC limit, is safe even if the bank fails.
2. B) Many banks pay interest on the money you deposit into your savings account.
3. D) Money in a checking account is usually easy to access via ATM, debit card, or check.