drag each example to the correct category. determine whether each scenario is an example of saving or…

drag each example to the correct category. determine whether each scenario is an example of saving or investing. depositing money each month into an account at the bank for a car purchase using a bank money market account that earns 2% interest purchasing stock for long - term growth purchasing a rental property purchasing a bank cd, or certificate of deposit, for six months purchasing bonds that pay interest of 5% and holding them until maturity saving investing
Answer
Brief Explanations:
Saving typically involves setting aside money for short - term goals or for safety, often in low - risk accounts. Investing is about putting money into assets with the expectation of long - term growth or income. Depositing for a car purchase and using a money market account are saving as they are for short - term goals or safety. Purchasing stocks, rental property, bonds, and CDs are investing as they aim for long - term growth or income.
Answer:
Saving: depositing money each month into an account at the bank for a car purchase, using a bank money market account that earns 2% interest Investing: purchasing stock for long - term growth, purchasing a rental property, purchasing a bank CD, or certificate of deposit, for six months, purchasing bonds that pay interest of 5% and holding them until maturity