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Fed [463]
2 years ago
13

Having a savings account can contribute to a person’s overall financial well-being. Which one of the following is NOT a benefit

of maintaining a savings account?
A. A savings account provides security in tough financial times
B. With a savings account, you can invest when the opportunity presents itself
C. Having a savings account gives individuals the ability to borrow money from members in the community
D. A savings account allows an individual to fulfill life long dreams
Business
2 answers:
katovenus [111]2 years ago
8 0

Answer:

(C) Having a savings account gives individuals the ability to borrow money from members in the community

Explanation:

quester [9]2 years ago
5 0

Answer:

C. Having a savings account gives individuals the ability to borrow money from members in the community

Explanation:

Maintaining a savings account can be a fall-back position in the event of a financial emergency. Also, funds saved can be invested to generate more returns and enable an individual to fulfill life long dreams. However, having a savings account does not give individuals the ability to borrow money from members in the community. Therefore, options A, B and D are correct while option C is incorrect.

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