Which of the following is NOT a reason why savings accounts give low returns?

Name: Which of the following is NOT a reason why savings accounts give low returns?
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Question

Quizplus · Accepted Answer

While FDIC insurance does add to the cost of running savings accounts for banks, it is not the primary reason why savings accounts give low returns. The low interest rates on most savings accounts, taxes on interest earned, and the effect of inflation are all major factors contributing to low returns.

Which of the Following Is NOT a Reason Why Savings