what is the most likely option an individual might research if saving for a short term goal

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29-03-2019
Business

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what is the most likely option an individual might research if saving for a short term goal

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MsTeel MsTeel · Answer 1 · 2019-03-29T17:47:06+01:00

For short term financial goals, it would be best to put the money in an investment that earns the highest interest while still remaining liquid (aka easy to withdraw your money when you want). In this case some good options would be a high-interest earning savings or money market account.

For short term goals you want to avoid investments that require you to tie your money up for long periods of time like bonds or certificates of deposit.

abiolataiwo2015 abiolataiwo2015 · Answer 2 · 2022-05-06T12:16:33+02:00

The most likely option an individual might research if saving for a short term goal is: Interest-bearing checking account.

What is savings?

Savings can be defined as the money set aside or money kept in case of unforeseen or unexpected circumstance.

If a person want to save a short term goals the best choice is for the person to save his/her in a savings account based on the fact that saving account is an interest bearing account.

Therefore the most likely option an individual might research if saving for a short term goal is: Interest-bearing checking account.

Learn more about savings here: https://brainly.com/question/25787382

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