Answer:
The best financial information I can share with Wayne is that in a savings account, the money is available to him at any time if he needs it. This is the only correct statement among the options provided.
Savings accounts are generally considered to be a low-risk investment option, as the money deposited in them is insured by the government up to a certain amount. However, the interest rates on savings accounts are typically low, so they are not likely to double or triple in a short period of time. In contrast, investing in stocks can potentially offer higher returns over the long term, but it also comes with a higher level of risk.
It is also not true that savings accounts generally earn more money than investing in stocks. The returns on a savings account depend on the interest rate offered by the bank, while the returns on stocks depend on the performance of the stock market and the individual stocks in which one invests.
Finally, it is not true that there are never any fees on savings accounts or investments in stock. Some banks may charge fees for certain types of transactions or for maintaining a savings account with a low balance. Similarly, there may be fees associated with buying and selling stocks or with using a brokerage account to invest in the stock market.
Therefor the answer is (A).