Ask Question
BusinessBusiness
9 March, 00:27

Why might Juan choose a traditional savings account over other more aggressive savings plans?

He fears the potential for identity theft.

He has a high-risk tolerance for investing.

He wants to grow his money at a fast rate.

He needs to be able to withdraw funds at any time.

+1
Answers (2)
  1. 9 March, 01:11
    0
    He fears the potential for identity theft.

    Explanation:

    What is the best reason for Jacinta to have a savings account in addition to a checking account? A savings account allows her to set her money aside. Sofia has saved $10,000 and wants to be sure that she is earning substantial interest on her money.
  2. 9 March, 02:55
    0
    He needs to be able to withdraw funds at any time.

    Explanation:

    Juan might choose a traditional savings account over other more aggressive savings plans because a savings account allows him to deposit his money and receives an interest and his money is available for withdrawal at any time he needs it but other more aggressive savings plans that probably would pay higher interest rates don't allow to withdraw the funds for a period of time. Because of this, the answer is that he needs to be able to withdraw funds at any time.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why might Juan choose a traditional savings account over other more aggressive savings plans? He fears the potential for identity theft. He ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Explain why it is important to compile a bibliography
Answers (2)
Identify an example in your life where you trade some degree of privacy
Answers (1)
What does In-Private (or Incognito) browsing do?
Answers (1)
What is the relationship of total costs to profit?
Answers (2)
What is a private limited company
Answers (1)
New Questions in Business
According to the specifications that a customer gave to a manufacturer, the length of a shoe should not deviate from the correct size by more than 1 mm. In the manufacturing process, the standard deviation of this length is 0.
Answers (1)
Baylee is driving her friend sarah to the movies. baylee loses control of the car and crashes into a fence. the vehicle's airbags deploy, and both sarah and baylee are shaken up but not physically injured.
Answers (1)
What identifies data outside of a normal condition?
Answers (1)
All of the following are examples of facility level costs except: Select one: a. Costs of cleaning the workplace. b. Costs of custodial work. c. Costs of personnel support. d. Costs of receiving shipments. e. Costs of providing electricity.
Answers (1)
The law of supply states that a. as prices rise, so will supply and vice versa. b. as prices fall, supply will rise and vice versa. c. as prices rise, supply will fall and vice versa. d. as prices rise, supply will stabilize and vice versa.
Answers (1)
Home » Business » Why might Juan choose a traditional savings account over other more aggressive savings plans? He fears the potential for identity theft. He has a high-risk tolerance for investing. He wants to grow his money at a fast rate.
Sign Up Forgot Password?