Definition: This is the name to a type of bank account used by a person who wants to safely store their money over a long period of time, earning interest during that process.

Savings

Explanation:

The amount of saving you put in a bank is considered as Safe because it's insured by the Federal Deposit Insurance Corporation. Meaning that if your money is gone from the bank because of natural disasters or robbery, The  Federal Deposit Insurance Corporation will replenish that lost amount for you.

Saving account does earn you interest, but it's very little compared to other types of investment accounts. On average, the interest that bank provides for saving account is only around 0.09% per year.

we need the diagram to answer this correctly.

recent improvements in technology/telecommunication/internet have increased the pace of globalization.

explanation:

recent improvements in technology have enhanced the pace of globalization. it is not difficult to recognize that technology has created the human race one big issue. there are several aspects to technology but they all serve to meet us the further. i can beat and be friends with a fellow, thousands of miles away. technology has also bridged the knowledge gap and has presented for the ready transfer of ideas and values.