Question

Rosa is a high school freshman with no savings. She wants to buy a new smartphone in a few months for $300. Which account type best matches Rosa's financial goals?

Answer Choices:
simple savings account
money market account
certificate of deposit

Answer 1

simple savings account

Answer 2

a simple savings account would be the the answer choice for this question, considering this isn’t a long term goal and $300 is quite a small amount.