Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Question 3: What are the different reasons for using a savings account? Select all that apply.

- Short term financial goals
- Impulse buying
- College fund
- Vacation
- Liquidity
- Emergency

Sagot :

GinnyAnswer

Final answer:

Savings accounts are utilized for short term goals, college funds, and emergencies.


Explanation:

Reasons for using a savings account:

  • Short term financial goals: Savings accounts can help individuals save for short-term financial needs like buying a new phone.
  • College fund: Using a savings account to save for higher education expenses is a common practice.
  • Emergency: Savings accounts provide a financial safety net for unexpected expenses like medical emergencies.

Learn more about savings account purposes here:

https://brainly.com/question/41699390


We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.