Question

Paul is saving for an entertainment system. He decides to put the money he is saving into a savings account at his bank instead of a checking account. Why is it a good idea for Paul to put his money in a savings account?

1. A savings account is more secure than a checking account.

2. Money is not as easily accessible in a savings account as it is in a checking account.

3. A savings account is more convenient than a checking account.

4. If the money is in a savings account, he can use his debit card to make the purchase when he has enough saved.