Which of the Following Statements About Savings Accounts is False?

Answer :

A. Savings accounts limit the number of withdrawls that can be made each month.

B. Savings accounts don’t usually pay interest on the money you deposit.

C. Savings accounts may require you to maintain a minimum balance to paying a fee.

D. Savings accounts are best used to store money for longer-term goals.

Correct Answer: B. Savings accounts don’t usually pay interest on the money you deposit.

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