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.

The incorrect statement is letter "D": Saving can only be done in person. Investing can be done both in person and online.

Explanation:

There are several differences between saving and investing. Both of them have the potential to grow capital over a specific period. While saving is beneficial in the short run, investment is in the long run.  

Though, saving money implies depositing it in an account to make a profit out of the annual interest rate offered by banks. The money can be deposited in person, through wire transfers or online transfers between accounts. Investing is characterized by risking money through acquiring assets such as stocks, bonds, or mutual funds. That money can be provided by the investor in a meeting with the people in charge of managing the money or through online brokers.

The incorrect statement is letter "D": Saving can only be done in person. Investing can be done both in person and online.

Explanation:

There are several differences between saving and investing. Both of them have the potential to grow capital over a specific period. While saving is beneficial in the short run, investment is in the long run.  

Though, saving money implies depositing it in an account to make a profit out of the annual interest rate offered by banks. The money can be deposited in person, through wire transfers or online transfers between accounts. Investing is characterized by risking money through acquiring assets such as stocks, bonds, or mutual funds. That money can be provided by the investor in a meeting with the people in charge of managing the money or through online brokers.

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