Bank Account 101
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Questions and Answers

Where can you open a checking account?

  • Only at a brick-and-mortar bank
  • Only at a credit union
  • Only at an online bank
  • All of the above (correct)
  • Which type of bank account is designed for short- or long-term savings?

  • Checking account
  • Investment account
  • Savings account (correct)
  • Credit account
  • Which type of account offers convenience, safety, and security for your money?

  • Investment account
  • Checking account (correct)
  • Savings account
  • Credit account
  • What is the purpose of a checking account?

    <p>To pay bills and make transactions</p> Signup and view all the answers

    What does a savings account typically offer on the deposited amount?

    <p>Interest</p> Signup and view all the answers

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