Question

Drag each sentence to the correct category Determine the type of account that each description applies to. If no deposits or withdrawals are made, money held in this account may increase or decrease. There is no risk of losing any money put in this account. Interest income is the only way to earn money in this type of account. This account may generate income from a variety of sources. into saving account and investment accoun

Answer 1

Answer:

Savings Account

1) There is no risk of losing any money put in this account

2) Interest income is the only way to earn money in this type of account

Investment Account

1) If no deposit or withdrawals are made, money held in this account may increase or decrease

2) This account may generate income from a variety of sources

Step-by-step explanation:

Question:

The table given in a similar question sourced on the site is presented as follows;

$\left |\begin{array}{ccc}Savings \ Account & \mid &Investment \ Account \\& \mid&\\& \mid&\end{array} \right |$

The options are;

If no deposit or withdrawals are made, money held in this account may increase or decrease

There is no risk of losing any money put in this account

Interest income is the only way to earn money in this type of account

This account may generate income from a variety of sources

A savings account is a deposit account that bears interest on the amount put in the account. Savings account are insured accounts and are therefore are reliable and safe

An investment account is an account that can hold both cash and other forms of investment that can be bought and sold for financing

Therefore, we get;

Savings Account

1) There is no risk of losing any money put in this account

2) Interest income is the only way to earn money in this type of account

Investment Account

1) If no deposit or withdrawals are made, money held in this account may increase or decrease

2) This account may generate income from a variety of sources.