If you are retired, you do not have a source of income from a job--you rely on your savings, interest from investments, or the government (e.g., social security in the US). With a job, your salary typically increases every so often to track inflation. When you just have savings, the total value of your money stays the same while the purchasing power of that money decreases. Investment income on your savings (e.g., interest) counterbalances this effect somewhat and government programs typically give out more money to account for the effects of inflation, but neither of these counterbalancing measures may prove sufficient.
Julie wants to buy a car and is deciding how she should invest her money. To best serve her needs, she should keep her money in a savings account for easy access.
<h3>What are the benefits of opening a savings account?</h3>
This type of investment is more flexible, with low risk and lower interest rates, in addition to the ease with which citizens can open an account, access it and use it.
Therefore, opening a savings account would help Julie save her financial resources until she finds the car to buy that meets her needs.
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Many of the rights and liberties Americans cherish—such as freedom of speech, religion, and due process of law—were not enumerated in the original Constitution drafted at the Philadelphia Convention in 1787, but were included in the first ten amendments, known as the Bill of Rights.
Answer:
C. The Freedman's Bureau
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Explanation:
(1865–72), during the Reconstruction period after the American Civil War, popular name for the U.S. Bureau of Refugees, Freedmen, and Abandoned Lands, established by Congress to provide practical aid to 4,000,000 newly freed African Americans in their transition from slavery to freedom. Headed by Maj. Gen. Oliver O. Howard, the Freedmen’s Bureau might be termed the first federal welfare agency. Despite handicaps of inadequate funds and poorly trained personnel, the bureau built hospitals for, and gave direct medical assistance to, more than 1,000,000 freedmen. More than 21,000,000 rations were distributed to impoverished blacks as well as whites.
