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Questions and Answers
What is a checking account?
What is a checking account?
- A type of deposit account for investment purposes
- A type of deposit account for spending and bill payments (correct)
- A type of deposit account for short-term savings
- A type of deposit account for long-term savings
Where can you open a checking account?
Where can you open a checking account?
- At brick-and-mortar banks, credit unions, or online banks (correct)
- Only at nonbank financial institutions
- Only at brick-and-mortar banks
- Only at credit unions
What are some key features of checking accounts?
What are some key features of checking accounts?
- Convenience, safety, and security for your money (correct)
- Exclusively designed for short-term savings
- Limited access to funds and long-term commitment
- High interest rates and investment options
What are some common options for checking accounts?
What are some common options for checking accounts?
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What can checking accounts be used for?
What can checking accounts be used for?
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