Hal just turned 21 years old and will begin his junior year of college in the fall a basic savings account is not the best place to put money that he is saving for which of these purposes?
A. Textbooks for the upcoming fall semester
B. Gas for his car
C. Groceries and utilities
D. A trip for spring break his senior year

Respuesta :

The answer is D. A trip for spring break his senior year

The saving account for Hal has not been the best place for placing the amount he has been saving for his trip during his senior year spring break. Thus, option D is correct.

What is a saving account?

A saving account can be described as a deposit account with bearing interests. It is a basic type of account that holds in the bank or any other financial institution and allows the individuals to withdraw the amount at the type of need.

The saving account that has been formulated with easy withdrawals, has not been the best place for the savings that are to be made to form the long-term plans. It is because the saving account has been the forming the easy withdrawals, and form it difficult to form the savings.

Thus, a saving account is not the best place for Hal when he wants to save the amount for the senior year spring break trip. Hence, option D is correct.

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