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In which situation would a savings account be the best Investment to earn Interest?
When is a savings account the most suitable option for earning interest as an investment?
A. Saving to buy a new car in three years
B. Saving for retirement in 20 years
C. Saving to buy a new house in seven years
D. Savings to make money available quickly when needed
Answer:- D. Savings to make money available quickly when needed
Expert Answer
Savings accounts are accounts in which cash can be deposited in order to keep your money secure while generating interest. With relatively low interest rates, the savings account is b... More