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Which of the following statements about savings accounts is FALSE?

Savings accounts limit the number of withdrawals that can be made each month.
Savings accounts are best used to store money for longer-term goals.
Savings accounts don't usually require a minimum balance.
Savings accounts pay interest on the money you deposit.

2 Answers

2 votes

Answer:

saving accounts don't usually require a minimum balance

Step-by-step explanation:

I took the test plus they normally do

User Fabio Magarelli
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7 votes

Answer:

False Statement

Step-by-step explanation:

Saving accounts pay interest on the money you deposit.

User Naoval Luthfi
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5.3k points