Which of the following is generally true about savings vehicles? a savings vehicles are only useful for long-term investments. b people should evaluate different forms of savings vehicles based on their needs. c savings vehicles are never insured. d all of the above

The correct answer for: Which of the following is generally true about savings vehicles? Is:

B People should evaluate different forms of savings vehicles based on their needs.

Explanation:

Savings vehicles are bank accounts that are used to hold your savings, this bank accounts can provide you interest after a certain time of holding your money. However it is not definitive, some only let you hold your money in institutions. However, most banks provide it. Another type of saving vehicle is market accounts, which can provide you a higher interest but might require more money than savings accounts. Finally, certificate of deposits, which are deposits at specific terms that will provide you interest for that time. Therefore our correct option is B. Because they are insured sometimes, and can be used in both short and long terms.

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