decide which account is best for each person. becky wants an account that will let her spend her money as…

decide which account is best for each person. becky wants an account that will let her spend her money as much and as often as she needs. she wants an account that will earn interest but still let him make withdrawals. she wants to save until she goes to college in two years. cd, savings, checking, money market

decide which account is best for each person. becky wants an account that will let her spend her money as much and as often as she needs. she wants an account that will earn interest but still let him make withdrawals. she wants to save until she goes to college in two years. cd, savings, checking, money market

Answer

Brief Explanations:

Savings accounts earn interest and allow withdrawals, fitting Becky's need to save for college in two - years while being able to access money as needed. Checking accounts are mainly for frequent spending and usually have low or no interest. CDs (Certificates of Deposit) have fixed terms and penalties for early withdrawal, which may not be ideal for her flexible needs. Money - market accounts may have higher minimum balances and more restrictions compared to savings accounts for her situation.

Answer:

Savings account