Low-interest savings accounts are commonly used for short-term financial goals and emergency funds because they are low risk. When saving for longer-term financial goals, people often invest in riskier assets to earn higher returns.
Standard detail
I.2
Depth 1Parent ID: 90E88A19FFF143DBBF91B2B76EA7D698Standard set: Grade 4
Original statement
Quick facts
- Statement code
- I.2
- List ID
- 2
- Standard ID
- A39EAC21FCE14EB7A90D0EB099C725AB
- Subject
- Personal Financial Education (2021)
- Grades
- 04
- Ancestor IDs
- 90E88A19FFF143DBBF91B2B76EA7D698
- Source document
- National Standards for Personal Financial Education
- License
- CC BY 4.0 US