Todd keeps meaning to open a savings account and deposit a small portion of each paycheck, just in case he has an emergency and needs extra cash. But he just hasn’t gotten around to it yet. Todd’s car breaks down on the way home from work. His mechanic tells him that it will cost about $1,200 to get the car running again. Todd needs his car to get to and from work. He just got paid so he uses most of the money from his paycheck to get his car fixed. If you were Todd, in the short term, what would you do about your present financial situation?

Respuesta :

i dont know let me look it up

Explanation:

In this case, the individual must repair the car because it is required for travel to and from work. To repair the car, the individual must withdraw funds from his or her savings account.

What is saving account?

A savings account is a basic type of bank account into which you can deposit funds. You can withdraw funds from it, and most banks will pay you compound interest on the balance of your account.

Thus, the person must repair the car after breaking the saving accounts.

For further information about saving accounts, click here:

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