Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Drag each sentence to the correct category. Determine the type of account that each description applies to.

A. If no deposits or withdrawals are made, money held in this account may increase or decrease.
B. This account may generate income from a variety of sources.
C. There is no risk of losing any money put in this account.
D. Interest income is the only way to earn money in this type of account.

Savings Account
- C. There is no risk of losing any money put in this account.
- D. Interest income is the only way to earn money in this type of account.

Investment Account
- A. If no deposits or withdrawals are made, money held in this account may increase or decrease.
- B. This account may generate income from a variety of sources.

Sagot :

GinnyAnswer

Final answer:

Savings accounts earn interest and are easily convertible to cash, while investment accounts offer no risk of losing money and rely on interest income.


Explanation:

Savings Account:

  1. If no deposits or withdrawals are made, money held in this account may increase or decrease.
  2. This account may generate income from a variety of sources.

Investment 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.

Learn more about Types of financial accounts here:

https://brainly.com/question/33443805


Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.