unit 5 lesson 2 Banking connections academy
1. What is the benefit of a savings account? Select all that apply. (2 points)
It allows you to use a debit card to pay for purchases.
It earns interest regularly. ✨
It eliminates any interest or fees you must pay on borrowed money.
It sets aside money for future use. ✨
2. What is the word for taking money out of a banking account? (1 point)
credit
invest
save
withdraw ✨
3. What is the first step toward determining how much you can save? (1 point)
put 15% of your income into savings
stop all spending for one month
track your expenses for a set period of time ✨
use your debit card for all purchases
^^^
B,D
D
C
100% THANK YOU MWAH
I still live in 2020 is 100% right
@I still live in 2020 is correct thank U
To find the answers to the questions in Unit 5 Lesson 2 of Banking Connections Academy, follow these steps:
1. For the first question, read the options and select the ones that are benefits of a savings account. In this case, the correct options are "It earns interest regularly" and "It sets aside money for future use."
2. For the second question, you need to know the word for taking money out of a banking account. The correct option is "withdraw."
3. For the third question, the first step towards determining how much you can save is to track your expenses for a set period of time. This will help you understand your spending habits and identify areas where you can cut expenses to save more.
By following these steps, you can find the correct answers to the questions in Unit 5 Lesson 2 of Banking Connections Academy.