What is a 'savings account' primarily used for?
Correct Answer: Storing money for future use
- Step 1: Understand that a savings account is a type of bank account.
- Step 2: Know that people use savings accounts to keep their money safe.
- Step 3: Realize that the money in a savings account can be saved for future needs or goals.
- Step 4: Remember that savings accounts often earn interest, which means your money can grow over time.
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