Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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


We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.