Mr. simpson has money which he would like to set aside for future use. he could put it in savings or he could invest it. what is

Question

Gnoma [55]

3 years ago

14

Mr. simpson has money which he would like to set aside for future use. he could put it in savings or he could invest it. what is

the difference between the two options?

Social Studies

2 answers:

jekas [21] · Answer 1 · 2022-04-04T01:20:56+03:00

jekas [21]3 years ago

7 0

Answer:

C) There is little risk of loss in savings, while investment implies some risk.

Explanation:

ella [17] · Answer 2 · 2022-04-03T23:20:05+03:00

Savings are money for safe-keeping. The amount that one saves will be more or less the same when one decides to use or withdraw it. Savings can be through one's safe keeping or through a bank. However, interests are low in the bank. Investment, on the other hand, is money put up in chances for income. Good investments can make passive income for a person. Examples of investments are stocks and mutual funds.