The Main Advantage of Savings Accounts Is They Enable Depositors

question 45

True/False

The main advantage of savings accounts is they enable depositors to store funds and earn interest.

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Definitions:

Miserly

A person who is extremely reluctant to spend money; excessively frugal or stingy.

Individuals

Persons considered separately from other members or units in a group or category.

Look Alike

Generally refers to two or more entities that are visually similar to each other; often used in the context of people, products, or phenomena that share appearances.

Ingroup-Outgroup Bias

The tendency to favor members of one's own group (the ingroup) over those from different groups (the outgroup).