Questions: Quiz Question 2 of 6 Loule just opened his first savings account. What is one way that it can it help him manage his money? Select a response. It can give him access to a debit card. It can help him spend money more easily. It will keep his money safe. It can loan him money to pay back over time.

The answer is: It will keep his money safe.

This option is incorrect because a savings account typically does not provide a debit card. Debit cards are usually linked to checking accounts, which are designed for frequent transactions.

This option is incorrect because a savings account is not intended for frequent spending. It is designed to help individuals save money over time, often with limited access to funds to encourage saving.

This option is correct. A savings account is a secure place to store money, protected by the bank and often insured by government programs like the FDIC in the United States. This safety is one of the primary benefits of having a savings account.

This option is incorrect because a savings account does not provide loans. Loans are typically offered through separate loan accounts or credit products, not savings accounts.