QuestionAugust 14, 2025

What is a benefit of saving money in a bank? A Money in savings accounts cannot be taxed. B Money in savings accounts earns interest. C People with savings accounts have access to unlimited credit. D People with savings accounts have access to unlimited loans.

What is a benefit of saving money in a bank? A Money in savings accounts cannot be taxed. B Money in savings accounts earns interest. C People with savings accounts have access to unlimited credit. D People with savings accounts have access to unlimited loans.
What is a benefit of saving money in a bank?
A Money in savings accounts cannot be taxed.
B Money in savings accounts earns interest.
C People with savings accounts have access to unlimited credit.
D People with savings accounts have access to unlimited loans.

Solution
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Answer

B Money in savings accounts earns interest. Explanation 1. Identify the benefit of saving in a bank Savings accounts typically offer interest on deposited money, allowing it to grow over time.

Explanation

1. Identify the benefit of saving in a bank<br /> Savings accounts typically offer interest on deposited money, allowing it to grow over time.
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