Question

Savings accounts and money market accounts are most appropriate for:

O a
O b
Od
not investing in because they carry a high risk
earning a high rate of return
emergency funds and short-term goals
long-term investments like retirement

Answer 1

Savings accounts and money market accounts are most appropriate for emergency funds and short-term goals.

Step-by-step explanation:

Savings accounts and money market accounts are most appropriate for:

• Emergency funds and short-term goals: Savings accounts and money market accounts are good options for storing money that you may need to access quickly in case of an emergency or to achieve short-term financial goals like saving for a vacation or buying a car.

Learn more about Savings and money market accounts