A Drawback of a Savings Account Is

question 7

Multiple Choice

A drawback of a savings account is

• A) Easy access to deposits.
• B) Being insured.
• C) A low minimum balance.
• D) A low rate of return.
• E) Ease of withdrawal.

---

Definitions:

Government Policy

Strategies and actions taken by a government to manage public resources and regulate national affairs.

Friedman And Phelps

Economists Milton Friedman and Edmund Phelps, known for their work on the natural rate of unemployment and the expectations-augmented Phillips curve.

Natural Rate

The long-term equilibrium rate of unemployment or economic output, unaffected by short-term fluctuations.

Constant

A fixed value or term that does not change in mathematical equations or scientific experiments.