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12 January, 18:33

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.

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Answers (2)
  1. 12 January, 18:41
    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.
  2. 12 January, 18:58
    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.
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