Which phrase best completes the list? Characteristics of Short-Term Savings Strategies Include savings accounts at banks Are used to pay for expenses as they arise?

Answer:

Earn low rates of interest

explaination:

Short-term savings strategies are designed to provide liquidity and accessibility for immediate financial needs. They typically include savings accounts at banks, which are safe but offer lower interest rates compared to long-term investments. These strategies are not intended for high-risk investments or retirement savings, as they focus on covering short-term expenses rather than growing wealth over time. Therefore, the correct completion of the list is that short-term savings strategies earn low rates of interest.

Topic: Personal Finance, Savings Strategies

Tags: personal finance savings short-term strategies interest rates

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Which phrase best completes the list? Characteristics of Short-Term Savings Strategies Include savings accounts at banks Are used to pay for expenses as they arise?

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