Plz,
the following statements accurately describe the difference between saving and i...
Plz,
the following statements accurately describe the difference between saving and investing except…
return on savings often falls short of pace of inflation, so it is not suitable for long-term investing. return on investing, while riskier, often exceeds or is greater than the pace of inflation.
saving can be done by keeping money safe in an account, but usually with minimal growth. investing involves higher risk, but can yield more growth over time.
saving is best for short-term goals. investing is best for long-term goals.
saving can only be done in person. investing can be done both in person and online.
Answers: 1
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