Rosa is a high school freshman with no savings. She wants to buy a new smartphone in a few months for $300. Which account type best matches Rosa's financial goals?
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Rosa can deposit a small amount in her savings account to buy a Smartphone.
She will get the interest on her savings and she can easily buy a Smartphone of $300 within few months.
But she needs to maintain the balance of her saving account.
Else she can also choose some short term funds which will provide her lumsum amount within few months, and she can take helps from any financial advisor in this regard.
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