Wise money managers should select the savings option that
A)pays the highest annual percentage yield (APY).
B)avoids excessive fees.
C)avoids excessive penalties.
D)all of these.

Question

Quizplus · Accepted Answer

Wise money managers should consider all three factors - APY, fees, and penalties - when selecting a savings option. Choosing an account with a high APY can help maximize earnings, while avoiding excessive fees and penalties can prevent unnecessary costs and losses. Therefore, the best choice is option D, which includes all three factors.

Wise Money Managers Should Select the Savings Option That