When a college student saves all summer so that he or she has money available to live on during the school year,he or she is using a revolving savings fund.

Question

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A revolving savings fund is a type of savings account where the account holder is able to withdraw and deposit money as needed. By saving money over the summer to use during the school year, the college student is effectively using a revolving savings fund.

When a College Student Saves All Summer So That He