Question

In which situation would a savings account be the best investment to earn interest?

A.saving for retirement in twenty years
B.saving to buy a new car in three years
C.saving to buy a new house in seven years
D.saving in July to buy holiday gifts in a few months

Answer 1

A savings account would be the best investment to earn interest is saving for retirement in twenty years. The answer to your question is A. I hope that this is the answer that you were looking for and it has helped you.

Answer 2

The correct answer is C. Saving to buy a new house in seven years.

You can save to buy a house in seven years which will be profitable because you can rent the house and start returning your money which you spend on buying the land.

Saving is termed as the income which is not spend. Someone can save money by either pension account, investment fund and also deposit account.

Saving reduces expenditure, for example, recurring costs. It is closely related to physical investment.