If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person?

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Mathematics

Carelyn

30 November, 07:45

If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person?

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Gator · Answer 1

The most sensible financial institution wherein you can put $5000 dollars safely is a bank. The type of account that I would suggest to the person who has such amount of money would be a savings account so that he could deposit it and keep it secure till he withdraws it.