Question

Which describes an object’s speed in free fall?

Answer 1

"Free fall" is the motion of an object when gravity is the ONLY force
acting on it.

In true 'free fall' the speed of an object increases at a constant rate
for the total duration of the fall.  The rate of increase, on or near the
Earth's surface, is 9.8 meters per second for each second of fall.

True free fall is almost impossible to observe in everyday life, because
whenever we see anything falling, it's almost always falling through air,
so gravity is NOT the only force acting on it.  The friction due to the
motion through air works against the gravitational force.  In many cases,
the result is that the object's speed eventually stops increasing and
becomes constant, at a speed often described with the faux technical,
high-fallutin' sounding phrase "terminal velocity".  It must be understood
that 'terminal velocity' is NOT a property of gravity or of free fall, but is
only a result of falling through some surrounding stuff that interferes with
the process of true 'free fall'.

Answer 2

An objects falling speed will increase until it is at what is called terminal velocity, meaning it can't go any faster, it will stay at the same speed, until it hits the ground.