Question: What does this mean When college students start saving early * All of the choices By automating their savings, they are less likely to spend
What does this mean
When college students start saving early
All of the choices
By automating their savings, they are less likely to spend money.
They can take advantage of the time value of money and achieve their financial
goals.
In an account earning interest, they immediately put their money to work.
Money Market Deposit Accounts enjoy one advantage over savings
accounts found in commercial banks. This advantage is
Lower fees and smaller minimum balances
Unlimited checkwriting privileges
A variable rate that is generally higher
Greater liquidity
When using an ATM, keep in mind that
Computer errors can occur
all of the choices
It is never safe to deposit cash in an ATM
Human problems in handling the transactions can occur
You should report electronic transaction mistakes to the bank immediately
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